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Crude oil, coal and cotton prices increased, World Market

During a week, an increase in the price of crude oil, coal and cotton has been recorded in the global market. Crude oil price has reached the highest level during last 4 years in the global market. Last week the price of crude oil in the global market increased by 1.77 percent, due to which price of crude oil increased to 74 dollar and 55 cents per barrel. The biggest reason for the rise in crude oil prices is due to ban on exports of Iranian oil by America. In addition to that coal prices increase by 3 percent to 101 dollar and 55 cents per tonnes and the cost of cotton increased by 1.45 percent to 85 dollar.

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