Crude oil prices surge in international market

Business

Crude oil prices surge in international market

Close

The New York Stock Exchange observed a bullish trend over the future contracts of crude oil deals.

16 April,2011 01:27 pm

The news of increase in the US industrial production enticed the buyers to invest in the future contracts of crude oil The future contract for crude oil in the New York Stock Exchange rose to $109.66 per barrel with a gain of $1.55.In Europe the prices registered an increase of $1.45 and the deals were closed at $123.45 per barrel.The crude oil prices have gained an increase of 20 percent in the current year.