The Crude Oil price has risen this week, possibly as a result of ongoing supply cuts. The Abu Dhabi National Oil Company have announced cuts, and OPEC feel they are likely to achieve their target cut of 4.2 million barrels.The recession has affected usage, estimates suggesting demand dropping by 1.5 million barrels, but with the supply cuts being significantly bigger the rises this week were expected, and maybe there are more rises to come.

http://money.cnn.com/oil-rises