Colosseum a.s. (Colosseum a.s.)
Commodities  |  July 23, 2012 14:47:33

Oil last week increased its two-month maximum

ColosseumThe level increased two-month highs last week, the WTI price of U.S. light crude oil on the New York Stock Exchange under the Mercantile Exchange, CME Group. The main factors for growth were better outcome statistics on industrial production in New York in the previous month which grew faster than expected, shares return to positive figures, the weakening U.S. dollar against the euro, the June increase in U.S. industrial production by 0.4% and result of regular statistics of the U.S. Department of Energy on the development of commercial stocks of crude oil and gasoline in the U.S. It showed an unexpected drop in gasoline stocks of mil.barelů 1815, while analysts had expected an increase of 1.2 million. The two-month highs black gold also held concerns about increased instability in the Middle East, after Israeli Prime Minister Benjamin Netanyahu accused the Lebanese organization Hezbollah, which is alsoIran supported different from Wednesday's bomb attack on bus in Bulgaria. Oil and strengthened last week by a total of $ 4.33 and the last trading session the previous week, closed at $ 91.83 a barrel.

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