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25.03.2013 15:40

Oil prices rose sharply

Price of oil futures has grown, after Cyprus at the last minute to an agreement, which will help to prevent the aggravation of the crisis in the eurozone, and raised its forecast of demand for fuel in the troubled region.

Note that in Cyprus lawmakers approve three main points, including bank restructuring Mediterranean island, as part of efforts to secure international assistance to save 10 billion euros, or $ 13 billion. Among the main measures, legislators are reportedly voted to restructure the country's banks, establishing a "national solidarity fund", as well as a plan for implementing capital controls to prevent a bank run. Under the restructuring of banks, lenders problematic countries will be divided into good and bad banks. Country, reportedly is preparing to close its second-largest bank, also Laiki. This plan will include the division of assets Laiki the good and the bad, and the good assets will be merged with the Bank of Cyprus. However, the Parliament did not vote on other key indicators, including a tax on bank deposits. Cyprus to attract 5.8 billion euros over the next three days, which is a prerequisite to obtain a 10 billion euro rescue from the European Union and the International Monetary Fund.

May futures for U.S. light crude oil WTI (Light Sweet Crude Oil) rose to 94.60 dollars per barrel.

May futures price for North Sea petroleum mix of mark Brent rose 21 cents to $ 107.81 a barrel on the London Stock Exchange ICE Futures Europe.

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