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Crude oil prices bounce back in the range of $ 77 per barrel level, in trading Wednesday (25/11/2009) local time, as the weakening U.S. dollar and economic data reports that show the United States a positive outcome.

As quoted by AFP on Thursday (26/11/2009), in trading on the New York Mercantile Exchange (NYMEX), crude oil prices rose $ 1, 94 to $ 77, 96 per barrel for the December contract. While in London, the price of Brent for January contract rose 56 cents to $ 77 U.S. dollars, 02 based ICE Futures.

Some analysts predict, will move volatile oil as a long Thanksgiving holiday, late last month, and ahead of the end of this year. Meanwhile, the Energy Information Adminitration reserves announced plans last week’s oil reserves, ahead of the end of the day. The analysts expect the number of votes increased demand from the rising supply of oil.

Government of the United States (U.S.) said the number of claims for unemployment insurance decreased 35 thousand to 466 thousand in the last week. This figure is the lowest since September last year and better than economists’ expectations of 500 thousand.

While the average number of unemployment reached 10.2 percent in October and analysts predict, that number will continue to improve. Meanwhile, other economic data is the new home sales rose 6.2 percent to 430 thousand for the annual average. Again, these numbers are better than analysts predicted.

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