 Wysłany: Czw 2:43, 28 Kwi 2011 Temat postu: OPEC oil price hits new h nike ken griffey jr shoe |
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| OPEC oil price hits new high on growing concerns of crude supply,nike heels
The weekly average price of the Organization of Petroleum Exporting Countries (OPEC) hit 117.39 U.S. dollars per barrel last week, the highest level since the last week of July 2008,onitsuka tiger shoes, the Vienna-based cartel said Monday.OPEC weekly oil prices kept reaching record highs for three consecutive weeks,air jordan heels, and its daily oil prices also kept climbing last week,air griffeys, a situation very rare for OPEC oil prices. Tensions in the Arab world remain high, which intensified global concerns on a tight supply of crude oil in the international oil market, resulting in an expected strong demand on crude oil.In addition to Libya, similar political turmoil breaking out in other oil-producing countries such as Yemen,tiger shoes, Nigeria and Gabon last week also triggered increased concerns on oil. In Nigeria,nike air griffey max 1, a major crude oil producer with a daily production of 2.2 million barrels,cheap asics shoes, the postponement of presidential and parliamentary elections have caused tensions that raised investors' concerns on crude oil.In Gabon,家长相亲会遭遇七年之痒 被指成儿女婚姻买 tiger shoe, an oil workers' strike has led to a reduction of 240,000 barrels a day in low-sulfur crude oil production. Meanwhile,tiger shoes outlet, the cost of crude oil production also surged in Saudi Arabia,air jordan high heels, the world's largest exporter of crude oil,Onitsuka Tiger 2011, making stabilization of international oil prices less likely.The oil minister of Iran, which holds OPEC's rotating presidency this year, has said that the current situation does not merit a special OPEC meeting. The weak U.S. dollar as well as positive U.S. economic figures and the coming fuel consumption season also helped keep oil prices high.Analysts said supply and demand in the current global oil market remains generally stable,asics shoes 2011, and geopolitics continue to play a major role in driving up oil prices. The ongoing political unrest in the Arab world will continue to affect oil supply, thus pushing up expectations on demand growth. In this context,nike ken griffey jr shoes, international oil prices would continue to rise.Libyan leader Muammar Gaddafi on Sunday accepted a peace plan proposed by the African Union. If this can lead to a ceasefire and stability in Libya, it will probably mitigate global concerns on the oil market. |
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