Both North Sea oil and American light oil was Friday morning traded above 30 dollars a barrel.
Oil prices began to rise Thursday. The price of Brent Blend rose 6.7 percent to $ 29.60 a barrel late Thursday night. Through night continued oil prices to rise on the market in Asia, and Friday morning was 30-dollar threshold passed for oil for delivery in March the news agency AFP from Singapore.
American light oil cost $ 30.84 a barrel at 8:30 o’clock Friday morning in Asia, and North Sea oil was traded for $ 30.77 a barrel. Also on the Oslo Stock Exchange’s list was the price of North Sea oil rising – at 09:30 o’clock was a barrel of North Sea oil traded at $ 30.54.
rise Thursday and Friday came after statements from the European Central Bank chief Mario Draghi that new measures to stimulate the economy in the eurozone, could be in place in March.
– There are no limits to how far we can push ourselves to put in place new measures, said Draghi Thursday.
Analysts are however skeptical that ECB action will manage to keep oil prices in check.
– If the market has built into oil prices rise already as a result of stimulus from the ECB, will not be sustainable upturn because supersaturation of the oil market will turn into sooner or later, said market strategist Bernard Aw at IG Markets in Singapore.
(NTB).
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