Oil Surged $1.29 as U.S. Manufacturing Data Signaled Economic Growth

Bloomberg reported that oil surged $1.29 to $106.16 as U.S. manufacturing data signaled economic growth.

As quoted in the market news:

Crude oil for June delivery gained $1.29 to $106.16 a barrel on the New York Mercantile Exchange, the highest settlement price since March 27. Oil has climbed 7.4 percent this year.

Click here to read the full Bloomberg report.