Weekly Business

Jump in Oil Prices

OIL prices on the international market have jumped again. In New York, the contract price reached US$47.53 per barrel on Wednesday last week. While in London, Brent oil was being traded at a price of US$43.33 per barrel. This is far above the price set by OPEC of between US$22 and US$28 per barrel. There is suspicion that the price rises have been caused by speculators. The market is also very concerned by threatened acts of ter

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