Brent Crude Surged Above $124 a Barrel

Reuters reported that Brent crude surged above $124 a barrel after reports showed China’s positive economic data.

As quoted in the market news:

In London, ICE Brent crude for April delivery was up $1.51 at $124.17 a barrel by 11:55 a.m. EST (1655 GMT) off the session high $124.65. Front-month Brent crude hit an intraday high of $125.55 on Friday, the highest since May 2.

Click here to read the full Reuters report.