Oil price exceeds $51 for first time since October

Oil price exceeds $51 for first time since October
# 07 June 2016 14:10 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. 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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