Sunday, May 1, 2011

How High Will the Price of Oil Go This Time?



VOA Learning English: How High Will the Price of Oil Go This Time?

Unrest in North Africa and the Middle East pushed oil prices back into the news. Prices rose at their fastest level since two thousand eight.Libya is not among the ten largest oil exporters. But the rebellion against Libyan leader Moammar Gadhafi reduced production, affecting the global market.In March, oil prices rose above one hundred dollars a barrel. Prices went above one hundred forty-five dollars a barrel in two thousand eight. The price of oil affects prices and demand for energy, plastics, farm chemicals and many other products made with petroleum...

No comments:

Post a Comment