Oil surges to highest level in 17 months
Crude oil surged to the highest level in 17 months after March data showing employers in the US, the world's biggest oil consumer, added the most jobs in three years, bolstering optimism that fuel demand will climb.
Oil surged to a new record high on Monday of nearly $140 a barrel, propelled by weakness in the dollar which offset the bearish impact of plans by Saudi Arabia to boost output.