Tuesday, September 8, 2009

The price of oil jumped nearly 5%

Futures for crude oil increased its value by nearly 5 percent during trading in New York after the sharp drop in U.S. currency, made earlier in the day. Oil with delivery in October closed at 71.10 dollars a barrel, exceeding the level of 71 dollars for the first time since August 31. Earlier in the day and had reached a level of 71.95 dollars per barrel. Investors remain pending the Wednesday meeting in Vienna of the Organization of Petroleum Exporting Countries (OPEC), of which almost certainly will be received some good news for use in "black gold". According to most analysts on the stock markets are expected OPEC to keep production unchanged until the recovery of the economy oil demand will most likely resume its growth. To maintain production quotas recently suggested some members of the oil organization.

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