Crude oil has reached the highest level of 2 years. At NYMEX oil prices have been crossed $ 90 a barrel . In U.S. and Europe because of the strong cold falling demand for crude oil has increased. On the other hand news of low crude oil stocks in US has also resulted in the rise of crude oil price . According to the U.S. Energy Department crude oil stock has reached it 10 months lowest level.
MCX Crude oil also sustaining the level of 4100/ barrel due to boom in international market.