Home Economy Oil crosses $130 a barrel in futures trade

Oil crosses $130 a barrel in futures trade

By IANS,

New York : The price of crude oil crossed $130 a barrel in futures trading at the New York mercantile exchange here Wednesday.

Data available with the exchange showed that crude oil futures was trading at $130.27 a barrel at 7 a.m. local time (4.30 p.m. IST) – a rise of $1.29 from the previous close.

At the same time, Brent Crude was at $129.90 at futures trade, a rise of $2.06.