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Home News Oil & Gas Stocks surge, Crude Oil Lurch
Stocks surge, Crude Oil Lurch PDF Print E-mail
Saturday, 04 September 2010 11:35
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Stocks surge, Crude Oil Lurch
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 Crude oil prices at the close of trading on the Mercantile Exchange early this morning (2 / 9) experienced significant improvement. Crude futures for October delivery closed at 73.91 dollars per barrel. This term commodity prices posted an increase of 1.99 dollars (2.8%).

Sharp rise in Wall Street stock market triggered by the release of manufacturing data is satisfactory from the U.S. and China, has resulted in exchanges of commodities rose higher. U.S. stock markets rebounded from the biggest monthly decline in nine years last August. U.S. manufacturing index rose to a position of 56.3 points and 55.5 points in July.

Analyst Research Vibiz rate, oil prices are still going to act with the outside market. For the current crude oil prices are still going to test the level of support - resistance in the range of 73-80 dollars per barrel.

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