US crude oil prices shoot up to 2015 peak

Source: Pano feed

(VOVworld) – US oil prices have shot up to a 2015 peak after a slight dip in US oil production sparked talk that the glutted petroleum market could be turning.

(Photo: Getty Images)

(Photo: Getty Images)

The reason is US crude inventories experiencing a smaller increase than expected. The US benchmark West Texas Intermediate for May delivery jumped nearly 6 per cent, to 56.39 USD a barrel on the New York Mercantile Exchange, the highest closing price since December 23. European benchmark Brent oil for delivery in May rose 1.89 USD to 60.32 USD a barrel in London. The gains extended a market rally into a fifth straight day.

Đăng ký: VietNam News