Oil prices rise unaited states

First business opportunity: Oil prices rise because of increased demand for fuel oil due to growing levels of public spending in the U.S..

Contract price of oil reached its highest level in 31 months, following the U.S. Commerce Department report.

The report shows an increase in oil prices of U.S. citizens to spend dollars on food and fuel oil. The movement of stocks rise and the dollar weakened on the major currency exchange rates and increase the rate of commodities as an alternative investment.

Based on Bloomberg data, the price of oil for June delivery rise U.S. $ 1.07 or 1% to U.S. $ 113.93 per barrel, its highest level since 22 September 2008, the New York Mercantile Exchange.

The price of oil contract rise 6.8% in April and rise 1.5% last week and 34% when compared with last year.

Brent oil price for June delivery rise 87 cents, or 0.7% to U.S. $ 125.89 per barrel on the ICE Futures Europe Exchange, London, England.