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4/11/15
Twilight News / oil prices rallied Friday, ending the week with gains on expectations that the decline in agreement on Iran's nuclear program will result in a quick return to more Iranian crude exports to markets.
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And received Prices were also supported by rising US contract prices for refined products and the latest data show a decline in the number of oil rigs in the United States.
And ended the international measurement Brent crude oil futures for May delivery trading session high of $ 1.30, or about 2.30 percent to 57.87 dollars a barrel to above average returns driven in 50 days.
The US crude futures closed higher 85 cents, or 1.67 percent to 51.64 dollars a barrel.
After the loss last week, ending the week up Brent to be the third week of gains in four weeks, while US crude record fourth straight week of gains.
Said Harry Tchilinguirian expert commodity markets, oil strategy bank BNP Paribas' latest deal with Iran does not open the floodgates to a great return of Iranian oil to markets as was feared by many. "
The oil was in support of this week's expectations for stronger demand after data from the United States and Germany reinforced the view that global growth is improving.
Data from Baker Hughes Inc. and indicated on Friday that the number of oil rigs running in the United States fell by 42 this week to up to 760 rigs which eighteenth weekly decline in a row, which helps in giving a boost crude prices.
It is interesting that the oil was able to climb on Friday, despite the rise in the dollar against major currencies, which have a negative impact in the habit on commodity prices.
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