Crude oil price firmed as US labor and manufacturing data beat expectations. The front-month contract for WTI crude oil rose to a 4.5 month of 59.85 before settling at 59.63, up +1.79%, while the Brent crude contract jumped to as high as 66.93 before settling at 66.78, up +1.43%. In April, WTI and Brent contracts have gained +22.5% and +21.2% respectively.
Original post:
Strong US Data Sent Crude Higher