Global Oil prices dip nearly 2% after surging to highest level

 
Global crude oil prices declined by more than one per cent today, after surging to their highest levels in almost six months. Brent crude was trading 1.1 per cent down at 115 US dollars and 41 cents per barrel. West Texas Intermediate crude was trading 1.6 per cent lower at 101 US dollars and 62 cents per barrel, at the time of writing this report.