US crude contracts raised more than 4 $

Category: World Oil & Gas news | Posted on: 22-03-2009

Future contacts of American crude oil jumped more than 4$ yesterday to exceed 52$ a barrel after a move by Federal Reserve Board of U.S Central Bank to pump additional trillion $ in the American economy.

 

Crude price raised in April delivery in The New York Mercantile Exchange NYMEX 3.92 $ (8.15 %) recording 52.06 $ a barrel after Circulation in a range of 48.78 to 52.25 $.

 

This move by U.S Central Bank imposed pressures on dollar that help the raise of crude contracts.


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