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Commodities Briefing - Categorized | Oil, Price Watch more

US crude oil prices surged 23pct in the past three months

Posted on 18 July 2013

U.S. crude oil prices surged 23 percent over the last three months due to the unrest in Egypt and fear over regional supply oil disruptions as well as easier accessibility to a glut of U.S. crude oil sitting in a vast array of Oklahoma tank farms, according to an energy economist.
West Texas Intermediate, or WTI, the benchmark U.S. crude, soared to $106.10 per barrel Wednesday, from about $86 in mid-April………………………………………..Full Article: Source


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