News Journal

Oil prices increase by 47% in the year

In the current year oil prices rose by 47%, one of the highest gains in six months. It is expected that oil will rise further and European Central Bank will announce rise in rates on July 3, after the announcement the market experts are expecting that the values of dollar will further get down.

The crude oil delivery for August month was made at the price of $139.64 a barrel. The gold price also went up as the markets fell as the investments increased on commodities.