Dhaka, Bangladesh (BBN) - Crude oil rose to a seven month high on signs of recovery in Chinese industry. Crude for June delivery touched US$ 66.95 a barrel, the highest since early November 2008.
Declines in the US$ and expectations of renewed demand on recovery have seen wider market expectations of sustained gains in commodities, according to reports.
BBN/SS/SI/AD-01June09-3:11 pm (BST)