Oil prices rise to more than $ 50 a barrel

by **wciappetta** Wed 07 Oct 2015, 8:51 am

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Oil prices rise to more than $ 50 a barrel

by wciappetta Wed 07 Oct 2015, 8:51 am

Oil prices rise to more than $ 50 a barrel

10/7/15

BAGHDAD / Sky Press: jumped oil futures nearly two dollars a barrel on Wednesday, breaking the trading band lasted months, supported by factors including purchases for technical reasons and data from the US government indicate that global supply glut may recede.

And went up the global Brent crude for the third consecutive day to close above $ 50 a barrel for the first time in a month.

Brent rose to closer to $ 2.67 or 5.42% to reach maturity at the settlement of $ 51.92 a barrel.

And increased US light crude to $ 2.27 or 4.91%, to close at $ 48.53 a barrel.

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