Hello readers! Just now I have read a newspaper and I saw this headline "Crude oil set to stay above US$120". One more thing is, there was a statement made by the Iran's Oil Minister, Gholam Hossein Nozar telling that the price can reaches US$200(RM640) a barrel soon.
Currently, the price of crude oil has reached its highest value which is US$124(RM398.4) a barrel. He says that the problem is because of the difficulty to dig and produce crude oil in Nigeria and also because of the weak US dollars. The oil price is actually not expensive. Its just because of the side effect made by weak US Dollars. Iran is the second crude oil producer in the world for now.
8 years ago
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