World Oil
Price of Oil above US$140

THE price of oil has not stopped setting records. During trading on Friday last week, the price of light sweet crude reached US$142.99 per barrel before closing at a position of US$140.21 per barrel. This is the first time that the price of oil has gone above US$140 per barrel.

This latest oil price record was in part triggered by a statement made by Chakib Khelil, President of the Organization of Petroleum-Ex