Friday, May 18, 2012

Oil prices rose for the first time in 5 days



 Harga minyak naik untuk pertama kali dalam 5 hari
SINGAPORE . World oil contract prices have risen this morning for the first time in five days in New York . This morning , the price of WTI crude contract for June delivery rose 57 cents to $ 93.38 a barrel on the New York Mercantile Exchange. At 11:12 am Sydney time , the same contract in the position of U.S. $ 93.31 sebarel .

Meanwhile, the price of Brent crude contract for July delivery fell 23 cents to U.S. $ 109.52 sebarel at ICE Futures Europe exchange .

The factors that influence the movement of oil prices today is the Japanese economic data that showed growth exceeded estimates . Moreover , technically , there are indications that the decline in oil prices have gone too deep.

For your additional information , data released by the Japanese government showed , the level of gross domestic product rose 4.1 % Sakura in the first quarter of 2012. Meanwhile , the median 27 economists surveyed by Bloomberg predicted growth of 3.5 % .

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