Oil prices started to rise again, amid ongoing concerns over crude supply and uncertainty in the Middle East
Oil prices started to rise again, amid ongoing concerns over crude supply and uncertainty in the Middle East.
US light sweet crude reached $65.00, then slipped to $64.90 on the NYMEX.
Brent crude jumped $2.08 to a new peak of $64.08 per barrel at IPE.
The latest jump in the price of oil came after a US government report showed that American petrol stocks had fallen by 2.1 million barrels due to ongoing strong demand during the main US driving season, and a number of glitches at American refineries.
In the Middle East, oil traders are particularly concerned at the situation in number one producer Saudi Arabia, where US authorities have warned of a possible attack on US consulates.
