World crude oil price on April 1 surged to the highest level in two-and-a half years, amid concern over the Libyan situation.
On the New York bourse, light sweet crude oil for May delivery climbed to 107.08 USD per barrel, exceeding the benchmark of 107 USD per barrel in September 2008.
In London , Brent North Sea crude oil for delivery in May increased 2.25 USD to 117.20 USD per barrel.
Experts attributed the recent rise in world crude oil price to unrests in Libya . Since conflicts broke out in the African country, global oil price has soared 20 USD per barrel.
Previously, Libya exported an average of 1.6 million barrels a day, accounting for around 2 percent of the world’s market share, mainly to Europe. /.
On the New York bourse, light sweet crude oil for May delivery climbed to 107.08 USD per barrel, exceeding the benchmark of 107 USD per barrel in September 2008.
In London , Brent North Sea crude oil for delivery in May increased 2.25 USD to 117.20 USD per barrel.
Experts attributed the recent rise in world crude oil price to unrests in Libya . Since conflicts broke out in the African country, global oil price has soared 20 USD per barrel.
Previously, Libya exported an average of 1.6 million barrels a day, accounting for around 2 percent of the world’s market share, mainly to Europe. /.
