Financial news

Oil Prices Fresh Maxima of a Year

05 мая 2009 г.

At the close of trading on the world commodity exchanges on Monday, May, 4th, oil prices grew and reached a year’s maximum.

The barrel of WTI oil delivered augmented 1, 27 dollars thus the price became 54, 47 dollars. The similar contract on North Sea Brent feed fixed at the rate of 54.58 dollars that means 1, 73 dollars growth.

It will be remembered that during the trading on May, 3rd oil also had risen in price essentially, and accordingly had reached the best result for the recent five weeks. In particular, it goes with WTI feedstock, since it had raised $2, 08 at the previous session, up to 53, 2 dollars for barrel.

The oil price growth is related to the improvement of the situation on the USA Stock Exchanges that, in turn, says for probable financial restoration of the economy.

Thus, at the close of trading on May, 4th the Dow Johnes index raised on 2,67 percent , and amounted to  8431,68 points, hi-tech Nasdaq index raised on 2,41 percent up to 1760,56 points, and extended S&P 500 - on 3,46 percent up to 907,85 points.

It will be observed, that the stock indices’ growth, fixed in the last month (April, 2009), became the best for the last nine years.
 

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