World oil prices surged close to USD 84 per barrel on Thursday, near October 2008 highs in response to the falling dollar and weaker-than-expected US jobs data. However, the market trimmed gains following news of increasing crude oil and gasoline reserves in the United States, which indicated lower demand in the world s biggest energy consuming nation. New York s main contract, light sweet crude for delivery in May, soared to USD 83.76, near highs last seen in early October 2008. It later stood at 82.48, up 11 cents from yesterday s closing level. London s Brent North Sea crude for May advanced 18 …

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