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On Wednesday, crude oil prices continued to surge, as the price for US Light crude oil reached above the $73.00 level. Since Tuesday, 17:00 GMT, the price had gained more than 4.20%.
Crude oil prices have been surging since August 22. Since that day the price for oil has increased by more than 18.00%. Global market analysts attribute the surge of prices to the drop of oil production output in the United States, which was caused by the recent hurricane and bad weather.
Wed, 15 Sep 2021 16:28:10 GMT
Source: Dukascopy Bank SA
On Wednesday, crude oil prices continued to surge, as the price for US Light crude oil reached above the $73.00 level. Since Tuesday, 17:00 GMT, the price had gained more than 4.20%.
Crude oil prices have been surging since August 22. Since that day the price for oil has increased by more than 18.00%. Global market analysts attribute the surge of prices to the drop of oil production output in the United States, which was caused by the recent hurricane and bad weather.