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Oil prices surge on lower unemployment rate in US
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Reportedly, the oil prices have surged in three days as the US’s unemployment benefits dipped to a four-year low.
According to the New York Mercantile Exchange, the crude for May delivery settled at US$103.31 a barrel, an increase of US$1.84 a barrel.
Also, the US’s gasoline demand soared by 0.8% in the week ended in March 30th to reach 8.78 million barrels a day, the highest level since December 23rd, driven by the brighter job respect.
News Date
4/6/2012 11:07:58 AM
reported by
Ivy Wei
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