NYMEX crude oil contract that is traded on the electronic market, Singapore to adapt but also decreased the levels above 72 dollars / barrel Because investors begin to see signs that the economic relief to the world Tdtai.
AP news agency reported. NYMEX July crude oil contract, decreased 31 cents to touch $ 72.37 / barrel in midday. After yesterday jumped more than $ 1.35 to close $ 72.68 / barrel , The highest level since October last year.
Demand for crude oil rose a good result in the price of oil risen. The International Energy Agency yesterday in Paris, has a monthly survey that indicates that oil demand will decrease approximately 2.9% this year, better then ever expected oil demand will decrease 3%
Current oil prices risen by more than 2 times a month, Investors believe that after the last of the bad economic conditions in the United States Tdtai end to end, after the United States reveals a number of initial unemployment benefits get reduced more than 24,000 people last week. While retail figures is 0.5% move in November.
"I think oil prices should soar reaching $ 75," Christopher Modugno, low-K-North, Head of Sales from the company Saxo Capital Markets in Singapore.