Price of crude oil climbs in international market  

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The price of crude oil continues to surge in the international market; and is currently at $65.70/barrel, The surge comes following a drop in the number of rigs drilling for more production in the United States - Last week, U.S. energy companies cut oil rigs for the first time in almost two months, with drillers cutting back four rigs, to 796 Oil markets climbed on Monday, March 12, on the back of a drop in the number of United States rigs drilling for more production and as the U.S. economy continued to create jobs, which industry hopes will drive higher fuel demand, NAN reports. gathers that Brent sweet crude was at 65.70 dollars per barrel, up 21 cents, or 0.3 per cent, from their previous close.

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Posted : 12/03/2018 1:25 pm

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