On the 29th of the local time, international oil prices surged and closed the last trading day in May.
West Texas crude oil (WTI) climbed nearly 90% this month, hitting a record high in the past month.
On the New York Mercantile Exchange (NYMEX), WTI for delivery in July closed at $ 35.49, up 5.3% per barrel and $ 1.78 a barrel from the day before.
The London ICE Futures Exchange's July Brent oil is trading at $ 35.31, up 0.06% per barrel and $ 0.02 per barrel at 3:02 pm local time.
WTI rose 88% this month, according to CNBC.
It broke the previous record of 44.6% recorded in September 1990 due to the largest increase in history on a monthly basis.
However, it did not reach the 65.65 dollar record in January.
International oil prices were unusually plunged to the 'minus' price in April in the wake of the corona 19 aftermath and the maturity of May, but have been rising steadily thanks to rising demand and movements to normalize the economy.
International gold prices have also risen.
On the New York Mercantile Exchange, delivery in August was $ 1,751.70 per ounce, up $ 23.40 per ounce from the day before.
International oil prices rise for two consecutive days… WTI 88% ↑ this month, all-time high
2020-05-29T23:21:35.981Z
On the 29th of the local time, international oil prices surged and closed the last trading day in May. Crude oil from West Texas climbed nearly 90% this month, hitting the largest gain in the past month. On the New York Mercantile Exchange, WTI for delivery in July finished trading at $ 35.49, up 5.3% and $ 1.78 a barrel from the day before.
Source: sbskr