Oil on the stock exchanges in New York and London trade results on October 1, 2010. again significantly more expensive. Prices of oil futures rose a day on average by 1.85%. The price of Brent crude for the first time in nearly five months established above 83 dollars per barrel. And the price of oil WTI (Light Sweet) for the first time in nearly two months established above 81 dollars per barrel.
Results of the trades on the exchanges for oil contracts, the first position on October 1 were as follows:
- In London on an electronic commodities exchange InterContinental Exchange Futures Europe (ICE Futures Europe) official price of the futures IPE Brent Crude (November) rose $ 1 44 cents (1.7%) and set at around 83.75 dollars per barrel . (The highest for a contract the first position indicator after May 4 this year) with a range of prices for transactions during the session 82,21-83,81 per barrel.;
- New York Mercantile Exchange on an urgent New York Mercantile Exchange (NYMEX) the official price of the futures Light, Sweet Crude Oil (November) rose $ 1 61 cents (2.0%) and set at around U.S. $ 81.58 per barrel. (The highest for a contract the first position indicator after August 5 this year) with a range of prices for transactions during the session 79,70-81,75 per barrel.
The third consecutive increase in the price of oil futures provided on October 1, 2010. macroeconomic statistics from China and the United States convince the market that the process of global economic recovery continues and, therefore, will remain stable demand for energy. In this case, buying oil futures further contributed to a cheap dollar.
In China, up to September 2010. indicator of business activity in the industrial sector has reached a point 53.8 points - a maximum of four months. Above the mark of 50 points this index is stored for 19 consecutive months, indicating stable growth of one of the largest and most actively-growing economies in the world.
At the same time, as reported on October 1 U.S. Department of Commerce (US Department of Commerce), in August 2010. income of U.S. citizens increased by 0.5%, and their costs, which largely relies U.S. economy grew by 0.4%. Analysts had forecast growth of both income and expenditure of 0,3%.
Meanwhile, according to the Ministry of Trade U.S., the cost of construction in August 2010. increased by 0,4%, while analysts predicted its decline by 0,4%. Recall, at the end of July this year construction costs have decreased by 1,4%.
