NEW YORK - Crude oil prices surged above the level of USD71 per barrel, in trading (8/10/2009) local time, following a weak U.S. dollar exchange rate. Rising oil prices anomaly with excess oil reserves.The price of oil contracts for November delivery rose $ 2, 12 to USD71, 69 per barrel based on the New York Mercantile Exchange (NYMEX). While in London, the price of Brent crude also rose $ 2, 57 to USD69, 77 on the ICE Futures. Strengthening these, also followed the price of natural gas and liquid oil prices."This made me wonder. With the excess of oil supply, oil prices could skyrocket," said...
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NEW YORK - Crude oil prices surged above the level of USD71 per barrel, in trading (8/10/2009) local time, following a weak U.S. dollar exch...