::Oil Prices Rise Again to USD105/Barel>>

Go Finance Reporting in NEW YORK - Oil prices rose back to USD105 per barrel due to a series of international crises in the Middle Eastern countries that can export to tighten the global supply at current consumption rises.

Oil prices on the New York Mercantile Exchange for May delivery rose $ 1, 88 so are around USD104, 97 per barrel. Earlier, oil prices on the Nymex market is located at its highest point, USD105, 18 per barrel. While in London, Brent crude oil rose 73 cents to USD115, 64 per barrel.

Observer energy economy continues to consider the influence of the riots in Libya, Bahrain, Yemen and Syria to export oil. Libya as the owner of the largest oil reserves in Africa is almost completely stopped shipping oil. The entry of allied troops will add to the prolonged conflict that would make oil lading offline any longer.

"Tension is still high in the entire Middle East region, so prices will stay above $ 100 per barrel for a while," said energy analyst Phil Flynn of PFG Best quoted as saying by AP.

Iraqi oil minister expects oil prices on Tuesday reached USD120 per barrel. Iraq alone produces about 2.4 million barrels per day

While Sabine Schels energy analyst from Bank of America said Japan will rely on other power plants that use liquid natural gas and oil to replace the loss of its nuclear facilities. Schels predicted that Japan would increase imports of liquefied natural gas amounted to 706 million to 848 million cubic feet per day to replace some of the power loss from the damaged nuclear reactor.

Increased Japanese imports are expected to push the world's liquefied natural gas prices higher, but must be prevented so as not more than USD13 per thousand cubic feet. The price of natural gas to the average for this year of about $ 4, 48 per thousand cubic feet, natural gas for April delivery rose 9.3 cents to $ 4, 254 per thousand cubic feet.

In other Nymex trading, for the April contract, heating oil rose 2.37 cents to $ 3, 0762 per gallon. April contracts for West Texas Intermediate crude oil rose $ 1, 67 to USD104 per barrel. (GoFinance)