Oil Prices Surge to New Record_经济Business
oil traders say the ratio of global supply to demand is tight
crude oil prices hit record levels on friday, with leading investment bank goldman sachs warning the cost of a barrel could eventually top $100.
goldman sachs said that the oil market may be in the early stages of a "super spike", which could push prices as high as $105 a barrel.
it said strong global demand, allied to potential instability in oil producing countries, could inflate prices.
us light crude rose as much as $2.40 to $57.70 a barrel in new york.
by the close, the price had slipped back to $57.27 a barrel.
the previous high was $57.60, set on 17 march.
in london, the benchmark contract of brent crude climbed $2.22, or 4.1%, to $56.51 a barrel.
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crude oil prices hit record levels on friday, with leading investment bank goldman sachs warning the cost of a barrel could eventually top $100.
goldman sachs said that the oil market may be in the early stages of a "super spike", which could push prices as high as $105 a barrel.
it said strong global demand, allied to potential instability in oil producing countries, could inflate prices.
us light crude rose as much as $2.40 to $57.70 a barrel in new york.
by the close, the price had slipped back to $57.27 a barrel.
the previous high was $57.60, set on 17 march.
in london, the benchmark contract of brent crude climbed $2.22, or 4.1%, to $56.51 a barrel.
learn more from this article