American crude prices exceeded 40 $ affected by city group banking group report

American light crude prices raised to exceed 40 $ influenced by investors comfort after a report said that American Administration may seek to possess up to 40% of giant banking group (City Group).

American light crude for future delivery contracts for next April recorded a raise about 28 cents to reach 40.31 $ a barrel.

American Wall Street Journal said that American government might own about 40% of City Group to help it in world economy crisis.

City Group faced huge lost due to the world economy crisis that forced it to fire about 73.000 of its employee.