Oil Aagafzvouk $ 52 a barrel , its highest level since September 2015

Views 271 Added 06/09/2016 - 19:42

Economy News:
Asaralinvt recorded, on Thursday, the highest level since September 2015 after jumping above $ 52 a barrel, supported by a fall in US crude stocks and a weaker dollar and strong demand.
And it stepped up the global Brent crude contracts for Brent crude to the nearest maturity of 21 cents to $ 52.72 a barrel, while West Texas US Brent crude futures rose Intermediate 33 cents to $ 51.56 a barrel.
Traders said the price increases mostly due to a drop in crude oil inventories in the United States.
Data from the US Energy Information Administration that commercial oil inventories fell 3.23 million barrels last week to 532.5 million barrels recorded a third weekly decline in a row.
Oil prices also received support from a weak dollar, which has fallen about 2.4 percent against a basket of major currencies since the beginning of Alshahralhali. The dollar makes commodities denominated in the US currency decline, including oil more expensive to holders of other currencies.
But some analysts said that there are also signs of an upward trend recently Asaralinvt and pushing Brent to rise 6 percent since the beginning of this month may be exaggerated.
Traders also warned of a continued increase in stocks of refined products in the United States and Asia. He says many traders and analysts that the range of $ 50 to $ 60 a barrel is a fair price for oil

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