9.23.2011

Brent rises to $ 106 a barrel


Prices of crude Brent above $ 106 a barrel on Friday as the Group of Twenty strengthened commitments to preserve the financial stability of stock and accept the euro as some investors to buy after the price declines the previous day to the lowest level in six weeks.

Pledged to finance ministers and central bank governors of the Group of Twenty to take "all necessary action" to calm the global financial system, which helped the recovery of European stocks and the rise of the euro against the dollar.

By the time 0854 GMT, the price of Brent crude contracts for $ 1.07 to 106.56 dollars a barrel after rising earlier in the transaction to $ 107.

The price of U.S. crude rose 75 cents to the light of $ 81.26 a barrel after hitting earlier in the transaction of $ 81.81.

Oil and subjected to pressure during the past few days after the IMF cut its forecast for global economic growth in the wake of the Federal Reserve warning
Central Bank Alomrakimn "significant downside risks" facing the country's economy

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