Oil prices reach post-crisis two-year high
www.VUE DES ISLES.com :: UK & World News,Business & Sports Latest :: Current World & UK Affairs :: Old Bits & Bobs
Page 1 of 1
Oil prices reach post-crisis two-year high
The price of oil on both sides of the Atlantic has hit its highest level since the financial crisis.
In Europe, Brent crude futures rose to $91.58 per barrel, while in the US, West Texas Intermediate hit $89.35 - the highest levels since October 2008.
Despite the market rally, prices still remain 40% below their pre-crisis peak.
Among the factors driving prices higher are rising demand because of the global economic recovery and cold weather in Europe, as well as the weak US dollar. (from BBC)
Guess we will soon see the prices rise at the pumps...
In Europe, Brent crude futures rose to $91.58 per barrel, while in the US, West Texas Intermediate hit $89.35 - the highest levels since October 2008.
Despite the market rally, prices still remain 40% below their pre-crisis peak.
Among the factors driving prices higher are rising demand because of the global economic recovery and cold weather in Europe, as well as the weak US dollar. (from BBC)
Guess we will soon see the prices rise at the pumps...
Similar topics
» House break-ins reach new high
» Guernsey house prices rise by more than 25% in a year
» Flu 'heading for nine-year high'
» Inflation at three year high
» Unemployment at 30-year high
» Guernsey house prices rise by more than 25% in a year
» Flu 'heading for nine-year high'
» Inflation at three year high
» Unemployment at 30-year high
www.VUE DES ISLES.com :: UK & World News,Business & Sports Latest :: Current World & UK Affairs :: Old Bits & Bobs
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|