Oil near $ 42


 

04/09/2016 12:28
Number of Views: 156

Tomorrow Press / follow-up:

Crude oil closed on Saturday, at a height of more than 6%, with output falling by Russia and US stocks.

And ended the World London Brent crude contracts for closer trading session high of $ 2.42 or 6.14 percent to maturity are recorded at the settlement of $ 41.85 a barrel, after having exceeded the level of $ 42 earlier in the session.

And stepped up US crude futures to $ 2.38, or 6.39 per cent to settle at 39.64 dollars a barrel.

The market drew support when Russia, said that oil production declined as he prepares the key oil producers to meet in Doha on the seventeenth of April to freeze production.

Government data on Thursday showed that commercial crude stocks in the United States fell about five million barrels last week while analysts’ forecasts indicate an increase of 3.2 million barrels.

She said Baker Hughes oil services company on Friday, said that US energy companies continued to reduce the number of oil rigs for the third consecutive week, which contributes to the support of the fundamentals of the market.

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