For the current week crude oil prices have followed mixed inclination. On Thursday crude values have rebounded on U.S. oil prices recovered from 12-year lows as financial markets gave some bearish traders reason to take profits on record short positions.
U.S. crude values rebounded again as hopes for easier monetary policy from Europe fueled a recovery in European and U.S. stock markets.
On Thursday, closing crude values have increased. WTI on NYME closed at $29.53/bbl, increased by $1.18/bbl compared to last closing prices.
Brent on Inter Continental Exchange increased by $1.37/bbl compared to last trading and was assessed around $29.25/bbl.
