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[size=32][ltr]Oil rises to $ 50 a barrel for the first time seven months ago[/ltr][/size]
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[ltr]Last updated: May 29, 2016 - 10:51
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[ltr]Last updated: May 29, 2016 - 10:51
BAGHDAD: News Network Iraq stepped up oil prices during Asian trading, on Sunday, driving Brent to exceed the level of $ 50 a barrel for the first time in nearly seven months ago. According to"Reuters", the oil received also support from the rise of global stock markets , but gains limited by the survival US dollar near its highest level in eight weeks against a basket of major currencies. rose Brent contracts for earliest maturity of 36 cents to $ 50.10 a barrel, the highest level since the fourth of November after the previous session ended on a gain of $ 1.13. stepped up US crude futures 32 cents to $ 49.88 a barrel after having closed on Wednesday , high 94 cents. the US energy Information administration said commercial oil inventories in the United States fell 4.2 million barrels to 537.1 million barrels in the week ending May 20 / May, the biggest drop in seven weeks.Analysts ' forecasts point to a drop of 2.5 million barrels.
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