86 dollars in international oil prices break through the session / barrel
Time：2010-04-06 Read：1555second
Asia midday yesterday, hours, Nymex5 month crude oil futures prices rose to 85.70 U.S. dollars / barrel above. Mainly affected by last Friday to promote a strong U.S. jobs data, crude oil futures broke through 85 U.S. dollars / barrel, as in October 2008 (18 months) for the first time. As of 23:00 GMT, 86.40 U.S. dollars reported in international oil prices / barrel.
Analysts said the strong U.S. March jobs report, coupled with positive manufacturing data, and signs of distillate demand is expected to further support the price of oil higher.
YingsiYu Barclays investment bank analyst, said the beginning of the quarter, global economic data were strong, in an upward trend, driven by oil prices hit 18-month high. He said the strong growth in U.S. durable goods orders will further increase the demand related to the oil market into a strong upward momentum. Barclays expects the front-month West Texas crude oil average price of second quarter will reach 86 U.S. dollars / barrel in the fourth quarter rose to 92 U.S. dollars / barrel. (Days in spring)
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