Wednesday, March 23, 2011

Crude prices continue to rise on relentless unrest in the Middle East

The past few months have seen an uptrend in crude oil prices. The relentless unrest in the Middle East is pushing it further up. Brent climbed 1.5% on Monday towards US$116 per barrel after western foorces launched a military campaign against Libya, stoking fears of intensifying violence in North Africa and the Middle-East.

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