Crude Oil Surges to Biggest Monthly Increase in More Than Two Years

Oct. 31, 2011 05:09PM PST

Bloomberg reported that excitement about potential increased energy demand pushed oil prices up.

As quoted in the market news:

Crude oil for December delivery declined 13 cents to settle at $93.19 a barrel on the New York Mercantile Exchange. Futures rose 18 percent this month, the biggest gain since May 2009. Brent oil for December settlement dropped 35 cents, or 0.3 percent, to $109.56 a barrel on the London-based ICE Futures Europe exchange.

Click here to read the full Bloomberg report.