Oil prices surge: World oil prices rose on Wednesday after Saudi Arabia's oil minister, Ali al-Naimi, expressed a view that markets were now calm with demand...

Oil prices surge: World oil prices rose on Wednesday after Saudi Arabia's oil minister, Ali al-Naimi, expressed a view that markets were now calm with demand growing. A stronger flash purchasing managers index in China also boosted sentiment in oil markets. Brent crude rose by US$2.97 or 5.1% to US$61.63 a barrel while US Nymex crude rose by US$1.71 or 3.5% to US$50.99 a barrel.


Craig James
Chief Economist
CommSec

I am married with three children (all in their 20s) and currently live in Huntleys Cove in the inner west of Sydney. Chief interest is athletics and trying to keeping up with the children.My current role is Chief Economist, Commonwealth...

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