Financial news

Oil Prices Exceeded $53 per Barrel

06 апреля 2009 г.

Oil quotations at the Asian tenders on Monday rose above a mark of $53 per barrel as in the market they hopes for renewal of growth of the American economy after passage of the most terrible stage of crunch have revived, informs Reuters.

By 08:23 Moscow time May futures for the American light oil had grown on 90 cents up to $53, 41 per barrel. When closing session in New York this Friday the contract has gone 13 cents down in value up to $52, 51 per barrel against the growth in the Wall-Street, where no attention was paid to gloomy data about employment in the USA.

The May futures on the indicative grade of oil have augmented 65 cents in price up to $54, 12 per barrel.

« The markets look at the world economic state more optimistically, and it promotes the market of raw material. The fact, that on Friday investors were not fussed about sad information about employment in the USA, points the displacement of accent to the world economics », — Mr. David Moore from Commonwealth Bank of Australia has told.

The American government has informed, that in March 663 thousand people lost their work, that has led to growth of unemployment up to a level of a 26-years maximum, equal 8, 5 %. Analysts decided that the market has already considered this sad information.

Experts consider, that this week oil prices should rise up to $55 for barrel.

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