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Commodities Briefing - Categorized | Market Moves, Oil, Price Watch more

Oil price hike due to Mideast unrest, low supplies - NBK

Posted on 11 September 2013

Supply shortages and intensifying turmoil in Syria have helped push crude oil prices to 6-month highs, reaching USD 107 per barrel last August, said a National Bank of Kuwait (NBK) report.
The report went on saying that much of the rise in prices appears to be linked to supply issues. Output in OPEC members Iraq, Libya and Nigeria has dropped considerably in recent months owing to a mixture of strikes, sabotage and maintenance issues………………………………………..Full Article: Source


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