Crude Oil rose to a six-month high above US$66 per barrel on Friday, marking its largest monthly percentage gain in more than a decade, after U.S., Japanese and Indian data suggested the economic downturn may be easing. Crude Oil prices jumped around 30 percent this month, the largest monthly rise since March 1999, buoyed by expectations of a global economic recovery later this year, which helped push stock markets higher. US Crude Oil for July delivery settled up US$1.23 at US$66.31, its highest settlement since November 4, after earlier hitting US$66.47, the highest intraday trade since November 5.London Brent crude settled up US$1.13 at US$65.52, its highest settle since November 4. The US$ hit a five-month low against a basket of other currencies. A weak US$ makes Crude Oil cheaper for holders of other currencies and tends to support prices
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