West Texas Intermediate oil price (WTI), a US benchmark oil prices for March delivery rose 9 percent to $ 32.19 a barrel, while Brent oil rose 10 percent to $ 32.18.
Momentum, rising oil prices have continued to occur in Asia on Monday, WTI rose 14 cents, or 0.43 percent, at Oil prices of $ 32.33 and Brent rose 17 cents or 0.53 percent to $ 32.55 at 3 hours and 35 minutes UTC last yesterday.
Michael McCarthy, chief market strategist at CMC Markets Australia, said a report which showed that the company's activities in the private sector in the region use the euro, which continued to rise in January, boosting hopes for oil demand which is facing supply beyond this level.
Data monitor Markit said that the index management orders (PMI), which has been watched closely fell to 53.5 points in January from 54.3 in December. Meanwhile, this figure was the lowest in 11 months.
On Tuesday, Mr Mario Draghi, president of the European Central Bank showed a further stimulus for the region, meanwhile, a report Nikkei economic daily said on Friday that the Japanese central bank is also considering further stimulus.
He told AFP from Sydney said: 'The situation needs is what makes us worried. Currently, we have seen evidence to support the situation, we have a lot of short-term benefits in the market to be served. It is a good change.
He said: 'coupled with a strong economy in the United States to weigh the need still need supplies. BP
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