OPEC on Tuesday said, the average daily oil prices of its member countries hit the historic high of $130.87 dollars per barrel on Monday.
The prices once retreated to $118.56 per barrel last Wednesday and rose to $118.77 per barrel last Thursday.
However, since last Friday the prices surged $12.10 higher in just two trading days, and stood over $130 Monday for the first time, or $3.87 higher than the last record set on May 22.
Statistics showed that oil prices have risen from $30 per barrel to $130 per barrel since the beginning of 2004, 4.3 times more expensive than before.
Analysts noted that the geopolitical crisis in the Middle East region and the weak dollar were main pushers of the high oil prices.
Wednesday, June 11, 2008
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