Oil

IN THE MARKETS: SA must explore alternatives to rising oil prices

IT SHOULDN’T be much of a surprise that the first domestic concern emanating from the latest horrific attacks in Syria and the subsequent threat of action by the US is: what will the effect be on the petrol price?

The price of crude has come off slightly since Wednesday when it experienced its biggest rally in six months, reaching a six-month high of $114.35 following a statement by US President Barack Obama that the Syrian government would face “international consequences” for last week’s deadly chemical strike.

But tensions remain high.

Alarmist predictions put the price at anything between $120 and $150 a barrel if the uncertainty continues, and even higher if global supplies are disrupted. Read on BDLive >

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