The price of Oil in NY jumped today above $75/brl the highest level so far this year.New York's main contract, light sweet crude for November delivery soared to USD75.15 per barrel, which was last seen on October 20, 2008.
Brent North Sea crude for November delivery advanced 69 cents to USD73.09 a barrel today.
Foreign exchange and growing optimism about economy is driving oil to again on glory days.
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