New York oil price topped US $50 a barrel for the first time in this year. The global supply glut shows signs of easing. The markets seems quickly gains and crude end-up with US $50 in New York while in London briefly US$49.59 a barrel. A move of above US $50 a barrel said could trigger some producers in US to resume production, and also some analysts see OPEC might not cap or cut back production in June Vienna summit.