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Oil went up $ 5

August 22 2008

Oil prices on world markets on Thursday increased considerably, showing the biggest growth dynamics over the past two months, RIA Novosti reported. On the New York Stock Exchange NYMEX (New York Merchantile Exchange) cost of the September futures for U.S. light crude oil Light Sweet Crude Oil rose by 5.62 dollars - up to 121.18 dollars per barrel.

The price for September delivery on the North Sea petroleum mix of mark Brent Crude Oil at London exchange ISE (InterContinental Exchange Futures) following trades rose 5.80 to the dollar - up to 120.16 dollars per barrel. According to analysts, the increase in world oil prices primarily due to the geopolitical situation in the world, and yet impossible to predict the further dynamics of price changes.

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