Oil has exceeded $ 83

Posted in finance, international, news, resources, special by admin on January 7th, 2010

Despite a very mixed report on oil reserves in the United States, oil prices closed sharply higher Wednesday after being propelled in New York above $ 83 for the first time in 15 months. Around 1700 GMT, a barrel of "light Texas crude (WTI) traded on the New York Mercantile Exchange (Nymex) for the same maturity, gained 1.11 dollars to 82.88 dollars after climbing to 83.15 dollars, a level not seen since October 9, 2008. At the same time, the price of Brent North Sea crude for February delivery took $ 1.12 to 81.71 dollars on the InterContinental Exchange (ICE) in London.Black gold benefits and good results-IMS services in the United States, and economic optimism across the Atlantic.

Having spent most of sitting down, prices of black gold have suddenly fallen off after 16:30, is modeled on the movement of the dollar, which collapsed suddenly at same time. Fellowships, too apathetic during the meeting, have also rebounded late in the session. The FTSE in London has hit the end of meeting a new record close for 16 months, to 5530.04 points.

Instead of declining oil reserves, the ministry revealed an increase of stocks of 1.3 million barrels during the week ending January 1. The reserves of distillates have certainly dropped a little (-300,000 barrels) but the massive decline (1.8 million barrels) expected by analysts did not happen.

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