Oil hits highest level for the year 2016 to stand at $ 40.23


History of edits:: 3.18.2016 13:4599 visits readable
[Where – Baghdad]
touched Futures US crude new highs for 2016 on Friday, sending the rise for the fifth consecutive week due togrowing optimism that the major producers Sabermn an agreement to install production while prices also supported the low – interest environment.
At 0653 GMT , US crude rose three cents to $ 40.23 a barrel after climbing to $ 40.55 , surpassing last week ‘speak of $ 40.36 recorded on Thursday. The benchmark crude 4.5 percent to close at $ 40.20 in the previous session.
Rose contract closest to maturity of two years Brent crude to $ 41.56 a barrel and climbed earlier to $ 41.71 in a new high for the year level. The crude closed up $ 1.21 at $ 41.54 on Thursday.
The decline both contracts during the day Friday, referring to resistance at $ 40.
He said Avtar Sandu commodity contracts manager at Phillip Futures in Singapore ” The market is trying to take the top producers movements in the price calculation. . Beyond that, the $ 40 oil is a very expensive price in light of the oversupply in the market. ”
oil prices have surged more than 50 percent from its lowest level in the 12 years since the Organization ofPetroleum exporting countries raised [OPEC] the idea of installing production, raising Brent of about 27 dollars and US crude from around $ 26.

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Mr. Muqtada al-Sadr praises the cooperation of the security forces with the demonstrators and protesters on the eve of the green


He praised the cleric Moqtada al-Sadr, the cooperation of the security forces with the demonstrators of supporters, describing what happened to the event, which exceeded expectations, which staked out the corrupt.

Sadr called in his statement, the demonstrators to show more cooperation with the security forces in all its different forms and formations, stressing that the prestige of the people is higher than the prestige of the government lurking behind the walls.

Sadr also welcomed in his statement, as described by first steps sit for Iraq, urging them to continue it.20160318034449