Continue to be governed by supply concerns and economic stimulus is expected to affect international oil prices on the 16th for the third consecutive day of gains.
 
Market, traders said the day up out of the market, investors' concerns about oil supplies. In the Middle East, following Syria after Lebanon to destabilize the situation, Saudi Arabia and other Gulf countries have begun to guide their citizens to leave the country. In addition, the tensions in the Strait of Hormuz is also a great threat to the Middle East oil exports. North Sea oil fields a massive overhaul of maintenance resulting in reduced short-term production, further tightening global oil supply.
 
In economic data, economic data showed the U.S. Labor Department released the same day last week's U.S. initial claims for jobless benefits increased 2,000 people, but the four-week moving average decreased by 5500 people. U.S. Department of Commerce data show that U.S. housing starts in July decreased by 1.1%, poor 6.8% surge last month. Announced by the Federal Reserve Bank of Philadelphia manufacturing index for August is the fourth consecutive month to a negative value, indicating the region's manufacturing sector continued to shrink.
 
Investors believe that a series of weak economic data could push the U.S. Federal Reserve Board to introduce more quantitative easing monetary policy, in order to provide upward momentum to oil prices.
In addition, because the Brent futures that day trading end of September expiration, some investors to adjust positions, and also led the oil price volatility.
 
To the closing, the New York Mercantile Exchange, light sweet crude for September delivery rose $ 1.27 to close at $ 95.60 a barrel, or 1.35 percent. North Sea Brent crude for October delivery rose 90 cents to settle at $ 115.27 a barrel, or 0.84 percent.



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