Posts Tagged oil prices

Oil Prices Could Approach 100 U.S. Dollars

21 February 2010

The selling price of crude oil on world markets will continue to increase even expected to near 100 U.S. dollars per barrel. The reasons include decreasing supply of crude oil from exporting countries that joined the oil in OPEC. Fuel subsidies or fuel oil in the country could be swollen.

“The trend of oil prices will continue to rise because crude oil consumption grew about 3 percent,” said Observer Petroleum and Mines, Kurtubi.
With a combination of growth factors are increasingly global economy recovers and the supply of reduced OPEC, crude oil prices expected to rise from the current position in the level of 75-80 U.S. dollars a barrel to 85 U.S. dollars per barrel. Prices are expected to sell strongly in the second quarter of 2010.
As for the third quarter of 2010, oil prices expected to penetrate 90 U.S. dollars per barrel.Government measures that would raise the assumption of oil prices Indonesia (ICP) of 65 U.S. dollars a barrel to 77 dollars a barrel was considered good.

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World Oil Prices Through the U.S. $78

2 January 2010

Toward the close of 2009, world crude oil prices continue to rise. Until 20:30 pm yesterday (28/12), WTI oil price for delivery in February 2010 in the United States Mercantile Exchange (USA) rose 0.33% to U.S. $ 78.31 per barrel. If the count since the beginning of this year, oil prices have shot 30%.

The analysts argued, the increase in world oil prices was not free from speculation the global economic recovery. In addition, the decline in U.S. dollar exchange rate some time ago joined lit oil prices.

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