(RTTNews) - Crude oil prices surged past $78 per barrel on Tuesday in U.S. trading and got within 20 cents of the record high. Light sweet crude oil for September delivery was at $78.13, up $1.30 on the session. It got as high as $78.20 in mid-day trading. This is a yearly high.
Oil touched $78.40 in July of 2006. Crude is surging as investors feel the demand will outweigh the supply for the winter months. Traders are looking ahead to Wednesday's inventory report.
For comments and feedback: contact editorial@rttnews.com
No comments:
Post a Comment