Thursday, May 26, 2016

Crude Oil Price Climb Above $50 Today

   


The price of crude oil today rose above $50 per barrel for the very first time in 2016,triggered by supply disruption and increase global demand.
Wild fire in Canada disrupted 1 million barrel per day of it production output,Canada is US biggest supplier.Nigeria pipeline sabotage by militant is also a factor that contributed to the rise in price.

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