Crude oil continues to surge

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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.

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Thu, 16 Sep 2021 16:12:21 GMT

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