Oil futures on major world trading floors after trades on May 07

/IRBIS, Dinara Mukasheva, May 08, 09/ - By results of trades on May 07, 2009 oil futures made: ----------------------------------------------------------------- Change (in %) for ------------------------- since since Name Exchange 07.05.09 a day a month 2009 2008 ------------- ---------------- -------- ----- ------- ----- ----- Brent Forties Oseburg* ICE (London) 56.47 +0.6 +10.2 +20.4 -42.3 Light Sweet Crude Oil* NYMEX (New York) 56.71 +0.7 +15.4 +22.4 -43.1 ----------------------------------------------------------------- *June future price is considered Oil prices rose slightly against the background of the optimistic expectations by investors concerning the stress-tests results, which were published after the market closure. Treasury Secreatary Timothy Geithner said the 19 largest American banks do not expose to insolvency risk. The macroeconomic data supported the quotations growth. The Ministry of Labor reported that the number of unemployment benefit requests decreased by 34 thousand to 601 thousand. Analysts predicted that the indicator will increase to 635 - 650 thousand. The stress-tests results were announced after the stock market closure. The 10 largest banks of the USA have to attract $ 74.6 billion in order to increase its reserves in case of deteriorating of economic situation. Wells Fargo Bank offered for the sale the shares to the sum of $6 billion to cover $13.7 billion. Morgan Stanley Bank will sell shares to the sum of $2 billion and issue about $3 billion of debt in order to increase its reserves by $1.8 billion. The Bank of America have to appeal $33.9 billion, Citigroup - $ 5.5 billion, while GMAC - $11.5 billion. The Bank of America is preparing the plan to attract the required capital, which will be provided to the Government by June. The attraction will be completed by November this year. JPMorgan Chase, Goldman Sachs, Bank of New York Mellon, State Street, American Express and Capital One have met claims of the regulators to capital and do not need of the reserves increase. Today, the employment report publication in the USA is expected. Exchanges' data published in various information systems have been used to create this message. [2009-05-08]