yassine el filali
0
All posts from yassine el filali
yassine el filali in yassine elfilali,

Brent rises to $ 59 after al-Naimi told that the demand is growing...

World Brent crude rose to around $ 59 a barrel on Wednesday after data showed showed that the production of Chinese factories came higher than expected and the statement of the Saudi oil minister that the growing demand for crude.

Gaza factories in China and showed limited growth, according to preliminary index HSBC / Market purchasing managers, who rose to the highest level in four months, recording 50.1 in February, exceeding the level of difficulty of the fifty interval between growth and contraction reading. Economists forecast polled by Reuters reading at 49.5.

China's biggest energy consumer in the world's biggest oil consumer and the second after the United States and can even simple changes in Chinese demand that move oil prices.

The market also received some support from Saudi Oil Minister Ali al-Naimi, who spoke to reporters in the coastal city of Jizan southwest Saudi Arabia's comments.

Naimi said quiet now and the market demand is growing.

Brent crude rose 40 cents to $ 59.06 a barrel by 1200 GMT, while futures US crude rose 30 cents to $ 49.58.

Said Simon Wardell oil analyst at Global Insight said Naimi's comments reflect a desire to stabilize the oil market.