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Oil prices rose Tuesday by investor confidence data bank of Japan plans to buy the assets to support and strong German led to fuel demand prospects.
The Bank of Japan on Tuesday announced that from next year unlimited asset purchases and the inflation target up to 2% which is the central end years of economic stagnation is the most decisive measures to take. It gives the initial boost crude oil.
The German think-tank ZEW Tuesday released monthly survey of analysts and investors view on the economy for second consecutive months rose sharply in the euro zone crisis on display in Germany last year has not so serious. Data released after the market increased optimism.
U. S. stocks rose to bring further support last Friday the Dow and S & P 500 index is high in the five years.
RBOB gasoline futures led up more than 1% because of the expected spring maintenance period may lead to tight supply.
March Brant crude oil futures rose $0.71 to settle at $112.42 a barrel. The United States in February crude oil futures settlement today after the expiry of closed up $0.68 to $96.24 a barrel, trading more active in March crude oil futures rose $0.64 to settle at $96.68.
Brant crude oil futures traded volume today is 30 on average 17% higher crude oil futures trading volume in the United States and mean.
The United States financial markets on Monday for the Martin Ruud Kim Memorial Day holiday day American Petroleum Institute ( API ) of the weekly inventory data will be delayed a day on Wednesday released energy information association ( EIA ) data will be published on Thursday.
According to the Reuters survey of analysts expected the United States last week, crude oil, gasoline and distillate inventories have increased.
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