The price of March futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $0.94

February 7, 2014

Yesterday world financial market finished on the rise. As such, in Europe the British FTSE 100 advanced 1.55 percent up to 6,558.28 points, the German DAX 30 grew 1.54 percent and closed at 9,256.58 points while the French CAC 40 gained 1.71 percent reaching 4,188.10 points.

The Russian market saw the MICEX index go up by 0.73 percent to 1,466.70 points and the RTS index – by 0.97 percent to 1,330.28 points.  

In the United States, the S&P 500 BMI grew 1.2 percent up to 1,773 points, with the Dow Jones Industrial equally gaining 1.2 percent and stopping at 15,628 points.

The price of March futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $0.94, up to $107.19 a barrel. The price of March futures for light WTI oil grew by $0.46, to $97.84 a barrel.

On the Forex market yesterday, the euro went up against the dollar due to the news that the ECB and the Bank of England had decided to keep the interest rates unchanged. However, later US jobless figures were published, and the rise stopped. Now it’s quite risky to enter the market – the pair is positioned in the middle of the triangle.

Anna Gorenkova, NordFX Analyst

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