Crude Oil remains trading higher in the Asian session

Apr 27^th 2015

 

 The Brent crude prices were trading above $65 per barrel on Monday trading session, hitting the highest level in more than 4 months. The oil was supported by worries about the fighting in Yemen which can disrupt oil supplies from Middle East region. In addition to speculations that the U.S shale outputs may decline. On the other hand, the market analysts believe that the current volatility in crude oil prices is due to the different pressure on prices amid mixed data in the global oil markets.