The crude oil prices were ruling below 59 dollars only two weeks back, but flow of some positive news in the last two weeks has helped the crude oil prices to move up to 67 dollars.
The positive data flow on US new single home purchases, better than expected corporate results from all the leading banks and technology companies, have aided the sentiment. Also China is showing further signs of economic upswing, which can push up the global demand for many products including cars and electronic items.