Oil prices rose over the weekend on top of Jackson Hole Symposium and Ben Bernanke's speech, which did not offer clear signs of new quantitative easing, although unemployment in the U.S. economy worries head of the U.S. Federal Reserve. Meanwhile, the U.S. oil production is these days resumed after Hurricane Isaac, and is Monday morning up to 28 percent of normal capacity.
However a Chinese PMI subdued optimism and showed contraction for the first time in nine months, while another index created by HSBC and Markit Economics showed the fastest reduction since March 2009.
The price of WTI oil is Monday morning at a rate of $ 96.38 per. barrel after a rise of 0.27 percent since stock exchange closing time Friday. Brent also increases 0.6 percent. Situated on Monday morning at a rate of $ 114.43 per. barrel.
The price of gold rises after Ben Bernanke's speech has sparked speculation that the central bank will undertake quantitative easing in order to strengthen the U.S. economy and reduce unemployment. The speech comes less than two weeks before the next monetary policy meeting of the FOMC - 13 September - which is now the next big event for investors. At the same time, however, a slowdown in the global economy is feared after the European unemployment reached 11.3 per cent in June.
The price of gold is Monday morning at a rate of $ 1693.30 per. ounce after an increase of just 1 percent.
The price of copper is Monday morning at a level of $ 7664 per. ton after an increase of also around 1 percent.
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