Crude oil prices to the highest in more than a week

► session 6/6, July crude oil futures on the New York Mercantile Exchange surged $ 1.02, to $ 94.76 per barrel ...

The U.S. greenback discount factors are considered beneficial to the trading prices of international commodities denominated currency.

The future price of crude oil on the world market rises above the threshold of 94 USD / barrel after night sessions 6/6. The dollar weakened and positive signal for May employment report helped oil prices to find the motivation to go on.

Specifically, the closing session on 6/6, the price of crude oil, lightly July delivery on the New York commodities surged $ 1.02, corresponding to 1.1%, to $ 94.76 per barrel . This is the highest daily closing price of crude oil this kind since the session on 28/5 so far.

The main reason oil prices rose sharply yesterday as the dollar falling against the Japanese yen and the euro. The U.S. greenback discount factors are considered beneficial to the trading prices of international commodities denominated currency.


In addition to the U.S., its market also received support from the bright forecasts for the employment situation in May. Under the plan, the U.S. Labor Department will release official employment report on the morning of 7/6 (U.S. time), but according to analysts, in May, of the non-agricultural sector employment has increased slightly.

Analysts forecast that the U.S. unemployment rate in May will remain at 7.5%. Calculation of the analysis adds radiance to the report on the number of people applying for unemployment benefits for the first time in the week ended sixth fell 11,000.

Yesterday, the European Central Bank (ECB) announced base rate unchanged at a record low of 0.5%, even after the bank lowered its growth forecast of the Eurozone in 2013. ECB forecast euro area GDP will decline by 0.6% in 2013, stronger than the previous forecast is down 0.5%.

In contrast to the situation of the goods traded on the New York, London, sweet crude, North Sea Brent was slightly down 8 cents, respectively 0.8%, to $ 103.52. With this reduction, the gap between the price of New York crude oil and Brent crude oil has been shortened a bit.

Also in New York, ending on 6/6, rising gas prices July delivery was 3 cents, respectively 1%, to $ 2.85 / gallon. Heating oil rose 1 cent, respectively 0.3% to $ 2.87 / gallon. Yesterday, the U.S. Energy Information Administration said gasoline supplies fell 400,000 barrels last week.

Meanwhile, the price of natural gas delivered in July on the New York commodities slumped 17 cents, equivalent to 4.4%, down to $ 3.83 / million BTU. The main reason gas prices plummeted due to report by the U.S. Energy Information Administration shows that the supply of gas soared past week.