They say oil will surpass $150 a barrel by next week.
The price of oil has continued to climb – with Brent crude rising above $146 a barrel for the first time.
Brent crude rose by $2.08 to $146.34 a barrel in London. US light, sweet crude rose by more than $1 to $145.22.
Oil prices have risen significantly since the US government announced on Wednesday that its crude stockpiles had fallen by more than expected last week. A spokesperson for the motoring organisation the AA called the rate of increases “eye watering”. <---link--->
A barrel of Brent crude has risen by almost $4 since the beginning of the week.
As the Dollar crashes, Oil will float even higher!
Kyle & Svet
comments always welcome.