Oil prices grow on world markets

World oil prices continue to grow due to the launch of the QE3 Fed
Reserve, as well as in connection with the publishing of optimistic US
macroeconomic data, RIA Novosti reports.

According to the last auction, the cost of October futures on US
light crude oil of the WTI brand (Light Sweet Crude Oil) has increased
$1.54, or by 1.57% and amounted to $99.85 a barrel. The price for
Brent petroleum is expected to rise $1.71 in October and
amount to $117.59 a barrel.


Global markets saw changes after the Fed said on Thursday that it
would start a third program of purchasing $40 billion per month in
mortgage-backed bonds, known as quantitative easing (QE3).
Despite the fact that the announcement had been expected, dealers
cheered the fact that the central bank said it will continue with the
policy until it feels the economy is strong enough.
One of the reasons the prices on oil jumped were the protests in the
Middle East which occured after a film mocking Islam had been posted on
the internet.