Oil Futures Surged 43 Cents

Bloomberg reported that oil futures surged 43 cents over U.S. Federal Reserve’s growth forecast.

As quoted in the market news:

U.S. June crude futures gained 43 cents to end at $104.55, the highest settlement since April 2, after rising to a session high of $104.92, just below its 50-day moving average of $105.06. The contract gained for the fifth straight session.

Click here to read the full Bloomberg report.