Colosseum a.s. (Colosseum a.s.)
Commodities  |  July 03, 2012 11:10:43

Oil increased its two-week maximum



ColosseumThe level of nearly two-week highs last week jumped from eight months minimum value on the stock exchange of New York Mercantile Exchange, CME Group within the WTI price of U.S. light crude oil. It was the largest intra-day price increase the most active futures contract over the last 3 years. It was mainly a response to meeting the leaders of the 17-country eurozone. The negotiations resulted in the approval of the release of certain rules for repayment of emergency loans to banks and Spanish simultaneously lightening conditions for the possible provision of assistance to Italy. Oil also strengthened in connection with the July before the start of an agreed ban the import, transport and financing of oil from Iran and also trailed for growth-growth business in the United States in June.The above was the reason for Friday's increase in the price of black gold of the $ 7.27 closing price of $ 84.96 per barrel.

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