Weekly Business

Crude Prices Remain High

The world crude oil prices have again increased. New York light sweet crude supply for May delivery contracts rose in price by US 41 cents to US$28.97 per barrel mid-last week. In London, the price of North Sea Brent crude also went up by US 33 cents to US$25.54 per barrel.

This price hike followed the fear of any halt in oil supply from Iraq and Nigeria. The consequences of the war on Iraq are that it will take a long time

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