Oil Prices Pushes $60 Threshold

Written by Administrator

Wednesday, 06 July 2005

Since one of the important crude oil production bases, The Gulf of Mexico is under threat of a hurricane, oil prices on international markets has reached the limit of $60 per barrel. {mosgoogle right}A barrel of US light crude traded at $59.89 on the New York Stock Exchange earlier today, a 30 cents increase as compared to yesterday's trading. The London Stock Exchange announced the per barrel price of Brent oil traded at $58.52. Meteorology specialists say that Hurricane Cindy constitutes a threat for the oil infrastructure in the Gulf of Mexico. At least 23 oil platforms and six drilling towers were evacuated in the Gulf.

Last Updated ( Monday, 05 December 2005 )

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