Prices of oil increased as U.S. economic data shows improvements in employment figures.
Global Aviation Industry expects a possible loss amounting to at least $5 million if crude prices keep on increasing.
President Obama seems to be getting the blame for increasing gasoline prices this year. However, when the facts are considered, it shows that it is actually not the case.
Oil prices post a recent decline after reaching high levels in 7 days. However, gasoline prices in the U.S. keep on rising.