Go Finance Reporting in SINGAPORE - Oil prices in Asian trade levels at this time amounted to USD102 per barrel, given the further development of the conflict that occurred in Saudi Arabia.
Quoted by AFP on Friday (03/11/2011) New York's main contract for the type of crude oil in April was up 14 cents to USD102, 84 per barrel. The Brent crude rose 23 cents to USD115, 20.
"Friday this weekend will be an important day to see the development of the conflict that still exists in Saudi Arabia," said Senior Chief Purvin and Gertz international energy consultancy in Singapore, Victor Shum.
For your information, a witness said the Saudi Arabian police shot and injured three Shiite protesters in the oil-rich Eastern Province on Thursday when trying to disperse the protest that called for the release of Shiite prisoners.
Saudi Arabia's Interior Ministry had earlier issued a stern warning that the demonstration was illegal and in any activist warned that security forces had the authority to crack down on any protests.
As is known, before news of the incident Arabia, oil prices have eased a two-year high on fresh fears of European and U.S. debt calm and Chinese economic data.
"Last night there is a very diverse story on the front of the global economy is pressing down on oil," said Interior Minister of Saudi Arabia, Shum. (GoFinance)
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