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Friday 26 August 2011

Returns over $80 the crude on Globe

The upward trend of maintained in Asian session as it remained in line with the broad rebound in stock markets in Asia. The Commodity Exchange of New York The contract of crude, September delivery traded above $ 81 a barrel with gains above 2% in electronic transactions. Brent crude type rises 2.2% to $ 104.86 a barrel. recalled that yesterday the price of NYMEX closed at lowest level since September and below $ 80, the climate challenge for the global economic outlook posed the depressing stock markets around the world. Analysts estimate that the current upturn in the price of crude comes from regular short covering. The goal of $ 85 a barrel on the NYMEX is “on paper”.

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