Go Finance Reporting in SINGAPORE - Crude oil prices return to experience "turbulence" of the previous USD117, 26 per barrel to USD117, 80 per barrel. This price becomes the highest price since March 7.
Reported by Reuters on Friday (04/01/2011), the price of Brent crude rose 10 cents to USD117, 26 per barrel after being touched its highest rate of USD117, 90 per barrel. Even in February yesterday had touched USD120 per barrel.
The increase in oil prices came after a report on unemployment in mid last week. In addition, the condition of workers in the Middle East many unproductive. However, the improvement of economic situation in various sectors, is expected to be getting better.
Analysts crude oil from China, Serena Lim said, oil prices climbed since last month. But there are still potentially strong, although not too significant.
For your information, financial market conditions in the U.S. do tend to have positive expectations for several days. Financial markets itself to some extent influenced by crude oil prices but investors are still awaiting the development of political turmoil in the Middle East. (GoFinance)
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