Oil prices rise to $53, After the US sanctions imposition on Iran


Oil prices rose, the Sabbath, to $ 53 after the United States imposed sanctions on some Iranian individuals and entities, due to Iran’s test of a ballistic missile.

Oil prices also received support from a strong report on jobs in the United States is likely to continue demand for energy force.

There was the earliest maturity for WTI contracts for the settlement of the American mediator on the rise by 29 cents, or about 0.5 percent to $ 53.83 a barrel. The contract rose more than one percent this week.

There were settling global Brent crude contracts for Brent crude at an altitude of 25 cents to $ 56.81 a barrel, making the high crude two percent this week, the biggest weekly increase this year.

The futures trading US crude volumes are relatively low on Friday where they were trading around 440 thousand held by 2030 GMT, below its average trading during the 200 days of holding 528 thousand per day.

The increased pace of US job growth more than expected in January, with high employment rates in the construction and retail companies. The number of jobs in non-agricultural sectors in the United States increased by 227 thousand jobs.

(Source: Sky Press)

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