International oil prices surged by over 7% on the 13th.

International oil prices surged more than 7% on the 13th. As of the close of that day, the price of light crude oil futures for July delivery on the New York Mercantile Exchange rose by $4.94 to settle at $72.98 per barrel, an increase of 7.26%; the price of Brent crude oil futures for August delivery on the London Intercontinental Exchange rose by $4.87 to settle at $74.23 per barrel, an increase of 7.02%.