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Oil closes on the rise in London and New York
posted on: Feb 4 2012 12:52 by RDugey. Viewed 16 times.
Oil prices ended up rising yesterday Friday in London and New York, driven by an outbreak of optimism before the further decline of unemployment in United States as well as geopolitical tension in Sudan and Iran.
Barrel of West Texas Intermediate (designation of the "light sweet crude" negotiated in the United States) for March delivery gained 1.48 dollars on Thursday, closing at $97,84 at the New York Mercantile Exchange.
On the Intercontinental Exchange (ICE) London, Brent of the sea of the North with the same delivery climbed $2,51 114,58 dollars barrel.
"Economic data are solid and command prices", he summed up John Kilduff, analyst of Again Capital.
United States unemployment rate fell in January to 8.3%, its lowest level in three years, due to an increase in recruitment.
"The unemployment figures and the details that accompany them are positive." (...) All that drives to the u000a"market", said Andy Lipow, Lipow Oil Associates.
Lipow said to expect a gradual reactivation of oil consumption at a time where US crude oil reserves continue to grow as a result of the economic crisis and Clement winter.
In addition, according to The Washington Post, the American Secretary of defence, Leon Panetta, felt that a "strong probability" that Israel appropriate to an attack in the spring against Iran's nuclear facilities before that Iran enters into a "zone of immunity" there was and start to make a nuclear bomb.
Questioned by journalists during a trip to Brussels for a ministerial meeting of the countries of NATO on Thursday, Panetta did not want to comment on the article of the Post.
"The latest comments by Secretary Panetta reactivated the risk, premium and the situation in Sudan held contributions," said Kilduff.
The Sudanese President, Omar al-Bechir said the u000aFriday that Sudan is closer to war than peace with southern Sudan. The two countries are at odds over the sharing of petroleum resources.
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