Singapore . International Monetary Fund [ IMF ] were issued in connection with the global economic growth figures and rising demand from U.S. and Asian oil market witnessed a rapid barrel price of crude oil has climbed about 76 dollars .

New York light sweet crude futures market, the August delivery increased 30 cents to 75.74 dollars a barrel was the rate . Brent North Sea crude Similarly, the August delivery increased 33 cents to 75.04 dollars per barrel price of deals reached .

IMF in global economy to a report released yesterday stated in the European credit crisis despite global economic growth to 4.5 percent this year will be better . According to analysts the global growth boom in economic activity and oil demand is expected to continue . Monetary Economics analyst John Hiangins Captial that estimates regarding the expected economic prospects are good .