Oil Market completed a four-time reduction significantly increases. On Monday, September 20, quotes added an average of 1.5%, following the rising stock market. Supported by oil prices and a statement of the National Bureau of Economic Research, the U.S. is that the downturn in the country was completed in June 2009.
Following the auction on September 20 at New York Mercantile Exchange futures price for WTI crude oil for October delivery rose 1.2 dollars - up to 74.86 dollars per barrel. 21 September validity of the October contract expires. The cost of the November futures for petroleum of this mark rose to $ 1.27 - up to 76.19 dollars per barrel. At the InterContinental Exchange in London November contract for Brent Crude grade went up by 1.11 dollars, closing at 79.32 dollars per barrel.
One of the reasons for the growth was optimistic about the future prospects of the economy (and hence oil demand). In particular, the mood of investors has improved the message of the National Bureau of Economic Research, United States (NBER) that the recession in the country ended in June 2009. "The Commission found that the spread of business activity in the U.S. economy took place in June 2009. This marked the end of the rotation period of recession that began in December 2007. And the beginning of a period of economic growth", - stated in a press release research organization. National Bureau of Economic Research, the U.S. is considered a "referee" in determining the boundaries of economic cycles in the U.S.. Thus, the completion of the recession in the country received official confirmation.
Supported economic positive for the oil market and the positive dynamics of shares. Major U.S. stock indexes, and Europe completed the first trading day of the week in a significant plus. In addition to statements of the National Bureau of Economic Research USA, a positive effect on the dynamics of the quotes provided and corporate news. The third-largest builder in America, Lennar Corp. presented a very positive financial results for the fiscal quarter III, far exceeding analysts' expectations. Net income was 16 cents a share, while analysts were expecting a mere 4 cents. In the financial sector strong record for the III quarter of the current fiscal year, has published an operator billing system Discover Financial Services.
