Recession Global

The price of WTI crude oil brands in electronic trading on the NYMEX exchange overcomes mark 74 dollars per barrel and reached 74.05 dollars. This is the highest figure in the current year. A key factor in increasing the cost of oil has been a weakening dollar and investors' positive expectations regarding the recovery of world economy after the recession.Compared with the closing of the previous session, the price of oil rose by 1.51 dollars, or 2.1 percent. The price of Brent has increased mark - by 95 cents to 74.28 dollars per barrel, reported Bloomberg.At the same time, the euro rose sharply to the dollar during the session on 21 August in the market FOREX. The European currency broke the 1.43 threshold for the dollar, which has not happened already two weeks.The rise of the euro is due to favorable economic statistics coming out of the leading European countries. For example, in Germany showed an increase published monthly index of activity in the service sector, while in France - the same index for industrial production.