| The demand for crude in the world market due to the winter season in the US caused the hike in oil prices this week, the Department of Energy (DOE) said in a report.
DOE's Oil Industry Management Bureau director Zenaida Monsada said too in a "24 Oras" report that the hike was also prompted by the tense situation in Yemen, where the Defense Ministry was attacked last Thursday, killing 52 people including seven Filipino medical workers and injuring 11 more Filipinos...............................................Full Article: Source
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