Brent crude rises to $ 50.35 a barrel


 

History of edits:: 7.2.2016 15:328 visits readable
{International: Euphrates News} Oil prices rose on Friday and Brent crude world record the biggest weekly increase since mid-May / May as investors purchase centers to form before the start of the third quarter of trading.
The market shrugged off a report from Baker Hughes oil services company showed a fourth weekly increase in the past five weeks in the number of oil rigs operating in the United States. The report said that energy companies increased the number ofoil rigs by 11 rigs this week, the biggest gain since December.
Phil Flynn , analyst at Price Futures Group brokerage in Chicago that ” the rise in the number of oil rigs refers to the production of higher but we still are low by more than 300 digger for the number that was running a year ago , but this is not a feel seriously concerned by the rise in the current time. ”
ended Brent contracts for earliest trading session higher 64 cents , or about 1.3 percent to a record at the settlement of $ 50.35 a barrel after they had landed one entitlement percent in the early session.
the US has stepped up Brent crude West Texas intermediate contracts for 66 cents or 1.4. Percent to $ 48.99 at the settlement.
Investors to buy oil and accept after profit – taking in the previous session to take advantage of the largest quarterly increase in seven years. Crude prices have jumped about 25 percent in the second quarter of the year.
The recovery of oil on Friday as the dollar fell 0.5 percent against a basket of major currencies , which makes commodities denominated green currency less expensive to holders of the euro and the currencies Alakhary.anthy

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