Monday, May 30, 2016

Oil closes week with prudent low – Estado de Minas

Oil fell on Friday with valoriação dollar and a prudent market before the long weekend for Monday’s holiday in the United States.

In New York, a barrel of ” light sweet crude “(WTI) for delivery in July fell 15 cents, to $ 49.33.

in London, the Brent barrel, also for July, fell 27 cents, to $ 49.32.

“.. the important thing is that prices do not go far enough $ 50 floor fell, but not collapsed that’s a good sign,” said Carl Larry, Frost & amp; Sullivan.

Oil prices surpassed last session, $ 50 for the first time since last year.

“With a holiday in the United States on Monday, a speech of the president of Fed Janet Yellen on Friday and the summit prospect of OPEC (Organization of Petroleum Exporting Countries) no one wants to be exposed to many risks “, said Larry.

Yellen said on Friday that it is possible raise interest rates in coming months. Immediately after his comments, the dollar rose, negatively influencing the oil market.

“In addition to the Fed’s intentions, also weighed apathy to the summit of OPEC in Vienna, said Matt Smith of ClipperData.

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