Oil stocks rise and stability of the dollar in Asia
Stabilized of the U.S. currency (dollar) preserve the gains recorded during this week before the single European currency (euro) and Japanese (yen) With oil prices rose in Asian dealings Wednesday.
And kept the dollar on Wednesday, scored sharp gains this week and stabilized rate of exchange against the euro and the yen, following the tightening Federal Reserve Board Chairman Ben Bernanki U.S. to combat inflationary pressures reinforced expectations of increasing interest rates this year. The U.S. currency climbed to its highest level in more than three months after Bernanki statements,
The analysts expect the dollar to continue to rise as officials across the Federal Reserve today expressed concern about inflation expectations and supported the lifting of interest.
The dollar hit 107.37 girls in the Japanese capital Tokyo today without significant change from its price in New York yesterday, while the euro record 1.5479 dollars against 1.5465 dollars on Wednesday night.
Meanwhile, oil prices surged, while preparing the biggest producers and consumers of raw world of the meeting in Jeddah, Saudi Arabia on June 22 to discuss the current high oil prices, which raises fears about the global economy.
The United States announced it would participate in this Almetmralve called for by Riyadh.
Prices rose Wednesday, American light crude futures contract delivery next month, 69 cents to 132 dollars a barrel, after retreating 3.04 dollars to 131.31 dollars at the New York Mercantile Exchange (NYMEX) yesterday.
The price of crude has registered a record high when it reached 139.12 dollars on Friday last, rose more than $ 11, achieving the highest daily rise in history.
And raised the price of Brent blend futures contract delivery in July next day 89 cents to 131.89 dollars per barrel, after falling $ 2.89 yesterday to $ 131.02.
He said Abdullah bin Hamad Al-Attiyah, Deputy Prime Minister and Minister of Energy and Industry country to the world market is witnessing an adequate supply of oil is no need to increase the production of the Organization of Petroleum Exporting Countries (OPEC) to reduce crude prices near record levels.
On the stock market gains achieved Japanese equities at the stocks of companies backed by export gains in the dollar.