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- The price of oil reached 95 dollars per barrel
The price of oil reached 95 dollars per barrel
Crude oil futures rose to $ 95 per barrel for the first time in three months against the backdrop of the fact that the number of building permits in the U.S. reached a maximum of four years, as well as concern that Israel will strike Iran, which will cause a failure in supply.
Prices showed an increase after the Commerce Department said that the number of building permits in July reached 812,000 units per annum. At the same time surprising data on the construction of new housing, which showed the decline to 746,000 units, compared with 754,000 in June.
During this month, oil prices have added more than 7%, helped by fears that the tensions in the Middle East will cause a failure in the supply of the region, which produces about a third of the world's oil.
Also on the price of oil continues to put pressure data from China, where there is a decrease in demand and slowing economic growth.
The cost of the September futures on U.S. light crude oil WTI (Light Sweet Crude Oil) on the NYMEX is now at $ 95.10 a barrel.
September futures price for North Sea Brent crude oil mixture is now $ 114.47 a barrel on the ICE Futures Europe Exchange.
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