THE NEWS FACTORY

Only the important news facts

THE NEWS FACTORY header image 2

New record prices for barrel oil in London and New York

March 3rd, 2008 · No Comments

LONDON - the price for a barrel oil has again reached Monday recordprijs. In New York 103.95 dollar was reached for a barrel, in London a barrel Brent went for the first time above the 102 dollars (102.29 dollar). Reason is the cheap dollar, as a result of which convenes in oil cheaper becomes. Moreover the lack of stability on grants ensures that beleggers pilot their money to a safe port: particularly the raw materials. And these yielded the countries of the opec meet concerning their production level. Also that ensures speculation.

Tags: finance