Mon, 20 Feb 2012 10:06:22 GMT
Crude oil soared above 105 US Dollars per barrel
Crude oil futures surged during the electronic session on Monday, being backed up by the China's announcement on RRR cut and geopolitical tensions over Iranian nuclear program. Crude oil futures for delivery in March traded at 105.03 US Dollars per barrel at the Asian session, on the New York Mercantile Exchange, adding 1.7%.