Nearest oil futures prices surge by 4.49 % - 4.55 % on major world trading floors

14.10.08 16:18
/IRBIS, Dinara Mukasheva, October 14, 08/ - By the results of trades of October 13 this year: - on NYMEX (New York) the price of Light Sweet Crude Oil mixture with delivery in November 2008 increased by 4.49 % to $81.19 per barrel; - on ICE (London) price of November Brent Forties Oseburg futures grew by 4.55 % to $77.46 per barrel By the results of Monday trades oil grew as the heads of 15 European countries adopted a joint action plan to fight global financial crisis. The plan provisions government insurance of inter-bank loans, support of ailing financial organizations and partial nationalization of banks. Besides, the Great Britain government willingness to finance Royal Bank of Scotland, HBOS and Lloyds TSB provided investors with grounds for optimism. The volume of funds is 37 bn. pound sterling. The government will also provide 50 bn. pound sterling for redemption of preferred shares of eight major banks of the country. The data of exchanges, published in various information systems, have been used to create this message. [2008-10-14]