Oil rises high 2 near us as hmirim spring (AP)

Singapore – gas prices rose to annual fresh highs near 91 a barrel Thursday in Asia like a hrali had the u.s. stock market optimism that improve on demand.

Benchmark for delivery in February rose high 90.79 barrel, the highest since October 2008, the oil was up to 8 cents to 90.57 barrel today Singapore time in electronic trading on the exchange of the New York scene. Contract rose 66 cents to settle at $90.48 on Wednesday.

Dhow Jones industrial average index and THE S & P 500 both rose to their highest levels since Wednesday April 2008 after trading Department said the economy in the u.s. rose at an annual rate in the third quarter of 2.6 percent, an increase from its previous estimate is easy.

"A very crude price is connected to the direction of the markets and the global recovery hmirim" capital advisors, Zander said in a report. "When hmirim rise, it tends to mean confidence is up and is thus more power."

Crude was also buoyed by falling u.s. bots supplies, which offer may be increased on demand. Information management of the Department of energy energy said Wednesday that supplies bots dropped by 5.3 million barrels last week and the week before. EIA said last week dropped 14.6 million barrels delivered in the previous week, the largest drop in 8 years.

"The market in which his cock in well over two years," said Barclays Capital report. "At the beginning of the year, even the most optimistic view on the market of oil does not expect ??????? of upside surprises on demand, such a drawdown of inventories faster."

Baahrim Nymex trading, heating oil contracts in January rose 0.6 percent $2.53 gallon, gasoline and other contracts ¢ 0.1 to $2.43 ????? and natural gas dropped ¢ 0.4 to 4.11 per 1,000 cubic meters.

In London, Brent crude rose 4 cents to 93.69 barrel exchange of the ICE futures trading.

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Oil rises to near $ 89 for OPEC meeting (AP)

Sofia – Oil prices increased to near $ 89 a barrel Tuesday in Asia traders looked to the weekend OPEC meeting for changes in cartel's crude production.

Benchmarking of oil for January delivery was up 40 cents to $ 88 77 per barrel in the late afternoon of Singapore time in electronic trading on Schwartz Mercantile Exchange. Contract to 9 cents to settle at $ 88 37 on Thursday.

Analysts say officials in 12-nation organization of petroleum exporting countries are likely to leave the Group's production quotas unchanged at Saturday's meeting in Ecuador.

OPEC, which is responsible for 35 per cent of global oil production has not changed its output quotas since the end of 2008. Last month, said the Saudi oil minister Ali Naimi that oil between $ 70 and $ 90 per barrel was acceptable to consumers.

Some analysts are worried that the sluggish economic growth in the developed countries cannot justify high prices for commodities such as oil, which reached a two year high earlier this week.

"The threat of bubbles is greatest in commodity markets, says Capital Economics in a report."If commodity prices will be maintained at these levels, the final demand from consumers also be consistently strong. "

"Since the major developed economies recover only gradually from recession, this placing an awful lot of weight on the rise in emerging economies."

In other Nymex trading in January contract, heating oil rose 1.5 cents to $ 2.48 a gallon of gasoline futures to 0.2 per cent to $ 2.34 slipped a gallon and NG 0.5% to $ 4.43 per 1,000 cubic feet.

In London, Brent crude oil increased 50 cents to $ 91.49 per barrel on the ICE Futures Exchange.

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