Crude oil prices in Asian trade Tuesday on strong to penetrate the $ 70 per barrel. This strengthening of the exchange rate triggered by the weakening U.S. dollar against the euro and a strong currency in Asia.
Price contract, light sweet oil in New York for October 2009 delivery rose 41 cents to as low as $ 70, 12. In trading Monday (21 / 9) the price of brent oil contracts for November delivery rose 44 cents to USD69, 13 per barrel.
“The weakening U.S. dollar against the euro and yen contributed to changes in oil prices,” said Senior Principal Purvin and Gertz Energy Consultancy Victor Shum.
He considered, due to the weakening U.S. dollar investors are still waiting for the results of the Fed meeting on interest rates this week.
