Oil price reaches US$ 75 per barrel in Asian Trading
Business
Oil price reaches US$ 75 per barrel in Asian Trading
The crude oil prices in the Asian Trading have reached at US$ 75 per barrel which is the highest prices since October 2008. The demand of crude oil is likely to surge after the news of improvement in the global economy. The falling value of dollar is also increasing the crude oil price. The deals of light sweet crude oil reached US$ 74.14 in New York with an addition of 25 cents. The price of Brent North Seas October delivery contract reached US$ 74.63 with an addition of 44 cents. Experts say that the investors response is positive and the buying continues that can increase the oil prices further.
