Gasoline, oil price increases in the world week

► Immediately after U.S. jobs report was released, oil prices rise, then fall below 94 USD then jumped ..

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However, some analysts say, they could see ahead remains uncertain terms to expect the global economy.


 End of last week (3-7/6), the world price of crude oil futures rose more than 4%. Similarly, gasoline and heating oil futures on the world market increased by 4% during the week.

Trading session on 7/6, sweet crude, slightly over July cargo floor New York gained $ 1.27, corresponding to 1.3%, to $ 96.03 per barrel. This is the highest price of crude oil since the release date of 21/5 so far.

The main reason oil prices are so strong thanks to the May jobs report was the work of the United States announced the day this country. According to reports, the U.S. economy created 175,000 in the last month of new jobs, higher estimates of experts.

According to analysts, employment figures are more optimistic estimate helped ease the grief of investors about the U.S. economic situation may cause harm to oil consumption. Shortly after this report, oil prices rise, then fall below 94 USD and then jumped.

Notably, the price of crude oil a day 7/6 is still strong, despite the dollar to appreciate. The session yesterday, the dollar index, a measure of the value of the greenback against a basket of six other major currencies, rose to 81.653 points from 81.531 points at end of session 6/6.

For the whole week, the price of crude oil has increased by 4.4%, mainly due to the tense situation in the Middle East and the supply in the U.S. last week fell unexpectedly sharply. This week is also the largest price increase since the week ending on 26/4.

However, some analysts say, they could see ahead remains uncertain terms to expect the global economy and likely demand for crude oil in the year are still in trend decline as the forecast given earlier.

Also on 7/6, on the floor of the London Commodity Exchange, crude oil, Brent North Sea has increased slightly is 95 cents, representing a 0.9%, to $ 104.56 per barrel. For the whole week, Brent oil prices increased by 4.2%.

Back Floor New York, ending on 7/6, the price of natural gas at $ 3.83 flat / million BTU, but decreased 3.9% from the previous week. Previous session, natural gas prices slipped more than 4% after the U.S. Energy Information Administration said supplies rose higher than expected.

Gasoline prices in July rose 2 cents (+0.7%) to $ 2.87 / gallon on 7/6. Heating oil rose 2 cents (+0.8%) to $ 2.89 / gallon. For the week, prices of the two commodities in July contract rose 4%, while the June contract, prices rose 3.3% gasoline, heating oil rose 3.7%.