Urgent oil beyond the $ 50 for the first time in seven months.

2016/5/26 10:25 565 times his read


Oil prices climbed during Asian dealings, Thursday 26 May, driving Brent contracts for over $ 50 a barrel level for the first time in about seven months.

Oil was also supported by the rise of global stock markets, but gains were constrained by us dollar remain near the highest level in eight weeks against a basket of major currencies.

Brent contract rose 36 cents to benefit closer to 50.10 dollars a barrel, the highest level since November 4 after she finished the previous session gains amounted to $ 1.13.
U.s. crude contracts stepped up 32 cents to $ 49.88 a barrel on Wednesday, having closed high 94 cents.

The us energy information Administration said that commercial oil inventories in the United States fell 4.2 million barrels to 537.1 million barrels in the week ending May 20, the biggest decline in seven weeks. Analysts forecast indicates a decrease of 2.5 million barrels