Crude oil prices are ruling around the 70 dollars mark due to the increased demand from China and also recovery in the US demand. There have been reports of improving economic activity in US and China. The US housing sector is also showing some recovery signs with the prices showing positive growth month on month.
The European economy has also indicated that there could be recovery in economic activity in Germany and France while UK might take some more time to recover. Seasoned experts have opined that the crude oil prices may remain in the 60 dollars 80 dollars range till this year end.
Crude oil crosses 70 dollars
June - 27 - 2009 - Saturday
