Cold weather pushes oil prices to up to two years
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The latest report of JP Morgan predicts that OPEC will hold for $100 to increase oil production
The cold and the rise of the request sent Brent crude for January delivery to $89.44 per barrel in London. late Friday.
"Better feeling on the financial markets, stock market friendly and the stronger euro have all contributed to climb the crude oil prices," said analysts of Commerzbank. "Cold in Europe allows the price gap to expand from Brent [against US price] almost $ 3.
Analysts say that it will now be critical see if exporting countries (OPEC), the agreement in the control of oil in the world, 40pc oil organization raises its output. The latest report of JP Morgan predicts that OPEC will hold for $100 to increase production.
Agreement, which meets in Ecuador next week, has the power to lower prices by increasing supply.
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