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- Oil prices rose to three-month high
Oil prices rose to three-month high
Today the price of oil rose to its highest level in three months, which was due to the fact that, despite all the difficulties, U.S. lawmakers still passed a bill that cancels the automatic tax increases and spending cuts, as well as to prevent the impending recession in the largest country of the world for the consumption of oil.
Futures climbed 2.2% after the House of Representatives approved a measure to abolish the Senate raising taxes for 98% of households. U.S. President Barack Obama said he would sign the bill.
Economists say that the action of the Congress has allowed people to feel much more optimistic about the U.S. economy, which was expressed in the rise in oil prices. Note that oil prices fell by 7.1% last year, while showing the first decline since 2008.
Also today, the support of oil have published data on the U.S., according to which it was noted the expansion of industrial production in the U.S. in December. Note that the manufacturing index from the Institute for Supply Management rose to 50.7 last month, up from 49.5 in November, which was the weakest level since July 2009.
February futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) vіrosla to 93.22 dollars a barrel on the New York Mercantile Exchange.
February futures price for North Sea petroleum mix of mark Brent rose $ 1, or 0.9 percent, to $ 112.26 a barrel on the London Stock Exchange ICE Futures Europe.
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