The crude oil prices have gone up by nearly 15% in the last two weeks, due to the flow of some positive data in terms of improved US home resales data coupled with better GDP numbers from China and Singapore.
There are also hopes of no major crude oil finding in the near future, which is required to enhance the supplies as and when the demand picks up.
The US economy is expected to bounce back in the coming months, though at a slower pace. All these factors have lead to the crude oil prices spurting by 15% in the last two weeks.