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6/5/2008

Oil lowers, gas rise as demand rises

Oil lowers, gas rise as demand rises
wall
The oil prices in the Asian market was $133 per barrel two weeks ago and yesterday the price lowered to $122 .30 a barrel. Today the market registered further low in oil price that went down to $121.84 a barrel on the New York Mercantile Exchange for the crude delivery of the month of July.

The gas price is increasing and gasoline went up to $3.983 in U.S. on Wednesday that is a record high in the last 28 days.

More: Business News

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