Tension by Egypt and the U.S. economy to stimulate faster growth, 28 international oil prices rose sharply, the New York market, oil prices rose more than 4%.
the Egyptian mass anti-government protests broke out, tensions have repeatedly upgraded, the internationally renowned rating agency Fitch's sovereign credit rating outlook to Egypt, from Egypt fears that instability in major oil-producing areas will affect the stability of the Middle East, thereby affecting the supply of crude oil. 28, a lot of money to withdraw from the stock market and instead invest in oil, gold, dollar and other hedging tools.
In addition, the U.S. government data released the same day, pick up by the consumer driven U.S. economy accelerated in the fourth quarter of 2010, growth in the quarter GDP growth of 3.2% for oil price increase in upward momentum.
28 at the close of the New York Mercantile Exchange, March delivery of light crude oil futures prices rose 3.7 dollars to settle at $ 89.34 a barrel, or 4.3%. London Brent crude futures rose $ 2.03, to close at $ 99.42 a barrel, a record 16 months, the highest closing price.
No comments:
Post a Comment