2011/1/11

EIA is expected to increase crude oil closed at nearly one-week high

New York Mercantile Exchange, crude futures rose 11, which, in February crude oil futures rose 1.86 U.S. dollars, or 2.1%, at $ 91.11 / barrel to close at nearly a week to the highest level.

Dealers said that China and Japan has helped the euro zone debt crisis control situation, this music market tensions ease, and boosted buying of crude oil.

The dealer also pointed out that the International Energy Agency (EIA) is expected to increase on oil prices spurred oil futures also rose.

International Energy Agency said, raising the average price of crude oil in the first quarter of this year is expected to 92 U.S. dollars / barrel, after the expected value of 89 dollars / barrel, while oil prices expected to rise to 93 in 2011 U.S. dollars / barrel.

In addition, the agency predicted that by 2012, the average price of crude oil will rise to $ 98.