Oil falls in U.S. stock exchange

The fall in demand of oil reduced the crude oil price for the second day and the crude supply of U.S. gained on the fourth week. The rate of crude oil for the month of June was $123.26 a barrel at the New York Mercantile Exchange.

In Singapore the crude oil traded at $123.32 per barrel. The rate of oil raised by 12% since the last month and rates have double in the last one year.