Increase Of Oil Price Reachs $126 a barrel, New Record Oil Price in Oil Market and Trade
May 11th, 2008The current week the oil price soars so reaching the price of $126 a barrel.
The oil price in market commerce New York $126.20 in Friday, while in commerce session of London Brent the oil price downdraft. The oil price in London Brent is $125.90
Increase of the oil price since beginning of the year 2008 happened increase 25%. Prediction increase of the oil price can reach the price of $200. This prediction have ever been submitted Ace Investment Bank in the last year, that the oil price can reach the price of $100 in January.
Causing factors happened increase of the oil price : Demand of electric energy by China and India that is increasingly, because happened industrial growth in states.
Condition of Nigeria politics is other factor causing exploration of oil mining in Nigeria experiences constraint, causing stock Nigerian oil experiences constraint. Condition of influential to oil back up in world market.
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