Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 28, 2013 08:35:33

Oil price increases continued



ColosseumWTI crude oil price continued yesterday again unstoppable growth of recent days and gained up to five-week highs. While most of the week, the growth hnánand # 160, to a large míryand # 160; situation in Cyprus, where he succeeded in concluding the agreement between the euro area countries, the ECB and Cyprus on a rescue package for the island country, yesterday's growth was due to higher performance rather American refineries. U.S. Department of Energy published a report in its report, according to which the local refineries in the week ended 22nd work in March to 85.7% of its capacity. Thus, by 2.2% more than in the previous week, and also the most in the last two months. Increased production of refineries is a kind of precursor to higher oil demand in the coming weeks. May WTI crude oil futures on the stock market yesterday closed CME $ 96.58 per barrel. So about 24 cents above the previous day.

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