Crude Oil Prices Up to USD87, 68/Barel

Optimism will be the plan of European leaders in addressing the debt crisis spread to the crude oil futures market and deliver them to the level of USD87, 68 per barrel.

Crude oil futures United States (U.S.), CLc1, up 28 cents to USD87, 68 per barrel after settling up $ 1, 33 at the level of USD87, 40 at the weekend. Brent crude oil, LCOc1, rose 72 cents to USD110, 28 per barrel, from a previous USD109, 56. It is quoted by Reuters on Monday (10/24/2011).

Strengthening in crude oil futures market is the impact of EU leaders' meeting last weekend. They made some progress towards a strategy to combat the eurozone debt crisis, although the final decision is deferred until the second summit on Wednesday.

Of the foreign exchange market is recorded, the U.S. dollar edged up 0.07 percent against several major currencies.

Meanwhile, in the stock market, Japan's benchmark Nikkei index opened flat at 0.99 percent level of 8764.92, while the Topix rose 0.68 percent to 749.25.

Recorded a trade late last week U.S. stocks rose to its highest level since early August after a volatile week. The Dow Jones Industrial Average was up 2.31 ​​percent at 11808.79; Standard & Poor's 500 index rose 1.88 percent to 1238.25, and the Nasdaq Composite Index rose 1.49 percent to 2637.46.

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