Wednesday, June 1, 2011

The price of oil surpasses 80 dollars

Today at the auctions in New York the price of hydrocarbons rose to 80.4 dollars per barrel. Mainly due to the rise of major Asian stock indices, reports the Associated Press. "Support of quotations has appeared in Friday good statistics on U.S. GDP. Macroeconomic data contributed to increased optimism about the recovery of the U.S. economy ", - experts say Aton." According to published data, the U.S. GDP in the 4 quarter of 2009 increased by 5,9%. Basically, this growth was achieved by increasing inventories, exports and fixed investment. At the same time, the final demand in the economy, ie GDP less change in business inventories in the 4 th quarter increased by only 1.9%. "Worse than expected last week turned out to be the data from the labor market - the number of applications for benefits jumped to 496 thousand, while the market expected the fall of this index up to 455 thousand house price index calculated by FHFA, in December fell by 1.6% in monthly terms. This is the maximum monthly rate of its fall last year, although the market was waiting to increase that figure by 0.4%. Nevertheless, strategists polled by the leading investment banks and brokerage firms in the United States remain upbeat and on average believe that the S & P500 will complete in 2010 at around 1,250 points, which is 13% above its current value, "- say the experts," PSB ". By two o'clock Moscow time in electronic trading in New York the price of oil for delivery in April rose by 74 cents, or 0.9%. At 14.08 MSK Brent crude from the April delivery in London has risen by 79 cents, or 1% - to 77.47 dollars per barrel.

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