Oil price hits yet another record

Oil price hits yet another record

news.bbc.co.uk

The price of oil has continued to climb with US light, sweet crude reaching a record closing price and London Brent rising above $146 a barrel.

Oil prices have risen significantly since the US government announced on Wednesday that its crude stockpiles had fallen by more than expected last week.

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The increases in the cost of crude seem inexorable and unrelenting.

Maybe even the apparently wild predictions of $200/barrel by the end of the year are an underestimate?..



news.bbc.co.uk
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