Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 25, 2013 15:49:28

Oil price increases

ColosseumPrice of West Texas Intermediate crude oil rose to its highest level in a month. This helped agreements on international assistance to alleviate the fears of the European debt crisis. On the stock exchange in New York futures contract price last Friday rose by 1.1%. This growth has had an effect declaration of the Minister Hani Hussein that Iraq will fail to achieve the planned sales volume of crude oil for the next year. The May futures contract on crude oil climbed to $ 95.65 a barrel, while the volume of futures contracts traded was 27% lower than the average of 100 days.

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