In the current news, crude oil prices has increased with 20% in the last quarter, this whilst Brent Crude has risen 38%. The increase in the price of oil has been triggered by the improving demand for fuel. Many companies are now trying to speed up the search for oil and natural gas with a high liquid content.
Houston located company Apache Corp (APA.N) reported earnings close to $1.1 billion, which equivalents to a $2.86 per share price, compared to the year earlier where the numbers were about $705 million, or $2.08 per share.
More relevent info about the price of oil.