USD 77.9568

+0.47

EUR 88.9097

+0.38

Brent 85.88

+0.82

Natural gas 2.928

+0.02

165

OIl Price Hit 2 Month High

The global oil prices hit a two-month high, fuelled by a soaring demand for petro

OIl Price Hit 2 Month High

The global oil price hit a two-month high, fuelled by a soaring demand for petrol ahead of the key US summer driving season, and due to a lack of oil refineries.

Us light sweet crude jumped to $56.90 a barrel on the NYMEX, but settled for the day eventually to $56.58.

In London, Brent crude futures finished up 98 cents to $56.22 at the IPE.

The price of US petrol jumped 3.53 cents to $1.60 a gallon.

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