Oil price exceeds $51 for first time since

26 November 2024

Oil price exceeds $51 for first time since October

20:22 07 June 2016 Read: 900

Oil price exceeds $51 for first time since October

The WTI crude oil (NYMEX) rose $0.59 to $50.28 a barrel.

Brent crude went up $0.69 to close at $51.24 a barrel.

The oil price has exceeded $51 for the first time since October.

This is caused by weakening of USD.

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