Crude oil prices reach to 40 dollars per barrel

Crude oil prices, once again have crossed the highest level of 40 dollars per barrel in 2016, earlier crude oil had reached to lowest level of 28 dollars.
London Brent crude oil deals in market reached to 40.84 after an increase of two dollars, while New York Mercantile Exchange deals have reached to 37.9 dollars with an increase of 1.9 dollars in international market. According to experts, crude oil prices increased due to decision to increase oil prices, taken by countries in Latin America producing crude oil. It must be recalled that crude oil prices were recorded to 28 dollars per barrel, which was on the lowest level of 12 years.