News Directory

class = "entry">

New York (SIB)
Oil prices for the fourth day in a row Thursday, closed at its highest level in 18 months, after a bit battered by economic data showing U.S. oil demand better.
Weakening U.S. dollar against the euro and other currencies also have encouraged buying, traders said.
Toward the long holiday weekend and with a key report on U.S. labor force that is scheduled Friday, traders are also protected his position slightly, helped push the market higher for a fourth session in a row, analysts said.
U.S. crude for May delivery rose 1.11 dollars or 1.3 percent at 84.87 dollars per barrel position, the highest close since October 9, 2008.
For the week, U.S. crude oil rose 4.87, or 6 percent. While London's ICE Brnet recorded an increase of 1.31 dollars or 1.6 percent at 84.01 dollars per barrel position, the highest since October 8, 2008. It occupies a high level of 84.33 dollars per barrel daily.
For North Sea Brent crude rose 4.72 dollars or 6 percent for the week.
Meanwhile, China said Thursday that it will talk together about the imposition of new sanctions over Iran's and China's President Hu Jintao's visit to Washington this month to determine the stage for another step on Tehran.
U.S. government data showed that U.S. crude stockpiles rose 2.9 million barrels to 354.2 million barrels last week, gasoline reserves rose unexpectedly by 300,000 barrels. (Ant / n)