OPEC oil price surges above 110 USD
05/03/2011 193
Most viewed articles
VIENNA, Feb. 25 (Xinhua) -- The daily oil price of the Organization of Petroleum Exporting Countries (OPEC) jumped 5.13 dollars, breaching 110 U.S. dollars a barrel, the Vienna-based cartel said on Friday.
OPEC's benchmark basket of 12 crude oils stood at 111.01 U.S. dollars a barrel on Thursday, a sharp increase compared with 105.88 dollars the previous day, according to OPEC Secretariat calculations.
With the unrest in the Middle East and North Africa, OPEC daily price was driven above 100 U.S. dollars per barrel on Monday and continued jumping as investors are increasingly worried about the interruption of oil supply from the oil-rich region.
Feb 25th, 2011
Source: English.news.cn
- USTR Makes Findings and Proposes Action in 60 Section 301 Investigations Relating to Failures to Take Action on Trade in Forced Labor Goods
- [VCCI] The US officially initiates a Section 301 Investigation into Vietnam on Intellectual property
- General Secretary and President To Lam's working visit to three ASEAN countries: Demonstrating the stature of proactive and constructive diplomacy.
- Viet Nam accelerates innovation drive as skilled workforce becomes key to science and technology growth
- The US is increasing controls on AI chip exports