Colosseum a.s. (Colosseum a.s.)
Commodities  |  August 08, 2012 10:08:28

Oil increased its two-month highs



ColosseumTop for the last two months, the price climbed Globex U.S. light crude oil. The market was supported by the weakening U.S. dollar and the positive developments in stock markets. Traders reacted to statements by the President in particular, the Boston branch of the U.S. central bank's Eric Rosengren, who had heard that the Fed would have to proceed to another round of monetary easing to support the development of the U.S. economy and labor market. Most actively traded September contract WTI strengthened during Tuesday's trading by 1.47 dollars to 93.67 U.S. dollars per barrel. Closing price was the highest since 15 of May. Since the beginning of the month has risen by 6.4 percent. For its further development will be important dates such as today's federal Department of Energy on the development of commercial stocks in the U.S.. and # 160;

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