The crude oil prices have started shooting up in the last few days, and have gone past the 72 dollars mark today. There are reports of fresh violence in Nigeria, which is a major crude exporting country, which is expected to cut down the supplies in the coming days.
Also there are reports of further stimulus spends in Japan and China which could propel demand for crude oil further. With no negative news flowing from US and Europe, we can expect crude oil prices to remain strong in the coming weeks.