Crude oil prices on the New York Stock Exchange is now approaching U.S. $ 72 higher after the U.S. central bank (the Fed), Ben Bernanke, remains optimistic on economic recovery in his country. Bernanke hoped that the U.S. will not fall again into the abyss of recession.

Based on electronic transactions for trade in Asia, Singapore time Tuesday afternoon, the price of crude oil for July delivery rose 31 cents to U.S. $ 71.75 per barrel. Earlier, in a direct transaction in New York early this morning, the price of oil fell 7 cents to U.S. $ 71.44 per barrel.

All the major stock markets in Asia gained in a stock transaction today after Bernanke said the U.S. hopes that the economic recovery continues. Bernanke spoke on Monday waving after the Dow Jones industrial stock index tumbled 1.2 percent.

The value of the stronger euro also supported oil prices. Today, the euro rose to U.S. $ 1.1963 from $ 1.1916 yesterday, making the price of crude oil becomes cheaper for investors holding the European currency.

The storm also could disrupt oil operations in the Mexico Gulf  and making oil prices go up. U.S. enters winter storms and hurricanes this month. "Immediately after the dollar plunged, equity markets recovered and the storm struck the Gulf of Mexico, we can see a perfect storm for crude oil prices higher," said energy consultant Schork Group in a report.

Meanwhile, the price of Brent crude oil rose 16 cents to U.S. $ 72.28 per barrel on the London stock exchange.