Why the Price of Oil Is Surging – in One Picture
February 03, 2015 at 11:37 AM EST
The price of oil is still on the rise today (Tuesday). As of 12:35 p.m. GMT (7:35 a.m. EST) today, Brent traded at $56.38 a barrel, a nearly 3% gain from its previous value . That puts Brent oil up 14% since last Friday (Jan. 30). And on that day, Brent surged 8% - its biggest one-day gain since 2009. WTI crude traded this morning at $50.88, up roughly 2.6% since Monday night. The post Why the Price of Oil Is Surging – in One Picture appeared first on Money Morning - Only the News You Can Profit From .
