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Much of this year, crude oil prices were trapped between 70 and $80 per barrel but Monday, it seems that Saudi Arabia raise this range.

Reference that US crude for December delivery increased to a maximum of $84.14, up to $1.19 to drag to trade $ 83,94 / 1445 GMT, adding almost 2pc lundi.Brut ICE Brent earnings climbed 70 cents to $85.32.

Shokri Ghanem, President of National Oil Corporation Libya, told Reuters it thought that oil prices could be closer to $100 at the end of the year.

Mr. Ghanem, the page for the Libya top oil official said the dollar had fallen and had increased the prices of other products.

"I think that we can move closer to $ 100 it is a kind of tacit compensate for the increase in the prices of other products.""The price is contumace place and I think it will be closer to $100", he said.

Comments the Libyan official came one day after page top oil exporter Saudi Arabia has moved upwards for a price of $70-$80 range he argued for two years, saying oil to between 70 and $90 a barrel was comfortable for consumers.

Michael Guido, Macquarie Bank in New York hedge fund sales manager believes that the price spike was triggered by Libyan comments.

"I believe that the peak has been off the coast of the libye.Cependant, there is a new bullish spin today between the funds with respect where gun is really when you look at the dollar and other products, markets," he said.

"Perhaps the market should be resting up to $ 80 to $ 90 as opposed to $ 70 to $ 80. Duathlon $ is the new $70 when you look at the levels of support for the summer."

The dollar fell against a basket of currencies Tuesday, adding additional support for oil and base.Une products falling dollar makes the wording cheaper products.

During the major part of this year, crude oil prices have been stuck between 70 and $80 per barrel, a range that OPEC has said two years it was considered ideal for producers and the consommateurs.Cependant Monday, Saudi Arabia seems to raise this range.

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