On Monday (28 November 2011), the US crude oil jumped to around $100 per barrel as concerns over distrupted West Asian supplies overshadowed worries over oil demand growth and a worsening economic outlook for the euro zone.
Brent crude oil for January settlement rose $3 per barrel to a high of $109.40 before easing back to around $108.80. Price of Indian basket crude: $107.33 per barrel (Rs 5599.41) Exchange rate Rs. 52.17/$ (calculated based on last trading day 25 November 2011).
