Oil prices on the rise


oil rig - pix courtesy from petronas Budget - PPR flats for Budget story.

After a prolonged period of weakness, global crude oil prices appear to be on their way back up to level last seen in 2014.

Over the week, the commodity price breached the crucial level of US$82 per barrel due to the tightening of commodity market and the reluctance of the Organisation of the Petroleum Exporting Countries (Opec) leaders to immediately boost production.

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Business , Oil price

   

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