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FX Street - Monthly Oil Prices

Crude oil prices hit over $66 a barrel on Friday, setting a fresh high for the year and confirming their biggest monthly gain in over 10 years.  July contract for Nymex WTI rose 92 cents and at one point touched $66.03 (up 29.8% this month).  WTI is on course for its best monthly performance since March 1999 when it gained 36.5%.  July ICE Brent rose 90 cents to $65.29.  The exuberance in daily oil prices is a heady mix of OPEC’s optimism that oil demand should increase in
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