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U.S. oil back on the $ 50

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The price of oil
The U.S. WTI oil, is after a few days  in plus of $ 52 class rediscovered his rent at $ 50 each. barrel. It happens after a barrel of WTI oil trade in New York this morning was up and cost $ 53.50.

The oil and the stock market
It is, according to Bloomberg News the sour stock market sentiment, which should get the blame for oil’s rebound from the past few days around the level of $ 52.50 per. barrel. read more aboute the jumpy oilprices here

Written by admin

april 6th, 2009 at 7:23 pm

Posted in economics

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