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Oil holds above $ 50 a barrel in anticipation of weekly data on US inventories

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Crude oil held yesterday and increase in the Asian session, as traded above $ 50 a barrel, supported by geopolitical tensions in the Middle East and the rise in the price of Saudi oil.

Investors will focus later in the day, the weekly data on the level of stocks of "black gold" of the United States, at higher data 434.1 million. Barrels, they were reported last week is likely to see further falls in prices.

Futures are traded at a price of $ 50.48 a barrel after yesterday rose 1.9% Brent, closed at a price of $ 61.02 a barrel yesterday, or an increase of 2.5%

Saudi Arabia increased selling prices for deliveries in the US and Asia, after the last meeting of OPEC, the organization forecast increase in demand.

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