Check out the chart below: clearly some heavy volume around 11:50 AM helped drive the price of crude oil futures up over the $80 a barrel mark. Right now the price is hovering between $80.30 and $80.40 a barrel.
NOW WATCH: Money & Markets videos
Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.