Monday, August 15, 2016

Oil prices rise more than a dollar – Reuters

August 15, 2016, 17:14 New York, Aug 15 (PL) oil prices jumped more than a dollar today in New York and London, buoyed by speculation that major exporters take measures to stimulate demand.

 At the end of the day in the first of these markets Texas Intermediate oil (WTI) rose $ 1.25 (2.81 percent) and stood at $ 45.74 a barrel.

According to analysts, it is the third consecutive rise of the share price, which jointly added to the price increase of nine percent.

Meanwhile, in the London market the barrel of Brent crude closed today at 48.35 dollars, representing an increase of $ 1.38 (2.93 percent).

Brent surpassed for the first time in a month the level of $ 48 and accumulates an increase in what will this year of 29 percent, experts said.

Both types of benchmark crude were benefited recently by rumors that point to the possibility that the Organization of Petroleum Exporting Countries to take measures to stabilize the market .

a increases also were instrumental dollar weakness Monday against other currencies and the statements of Russian Energy Minister Alexander Novak, who expressed support for nations that produce black gold take measures . price stabilization

These maintain high market volatility, the range from more than two months barrel makes between 40 and 50 US dollars

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