There has been significant rise in crude values on Thursday. Prices surge up by 10.3% on Thursday, best day since March 2009. The rise was supported on back of steps taken by Chinese government to stimulate to stimulate the economy. Further it was aided by news of a force majeure on Nigerian oil exports declared by Shell and indicating more declines in crude supply. WTI on NYME closed at $42.56/bbl, increased by $3.96/bbl compared to last closing prices. Brent on Inter Continental Exchange lowered by $4.42/bbl compared to last trading day and was assessed around $47.56/bbl.
