Saturday, 30 June 2018

Oil prices spike 13% in a week. What the heck is going on?

The oil market is on fire once again. On Thursday, crude spiked above $74 a barrel for the first time since late 2014.

The 13% surge over the past week has been driven by a confluence of bullish factors that will make American drivers cringe when they fill up their gas tanks.

In Singapore, electricity tariffs will rise by 6.9% for July-September period due to the higher cost of natural gas for generating electricity.


Ref:
1) http://money.cnn.com/2018/06/28/investing/oil-prices-trump-iran-opec/index.html
2) https://www.channelnewsasia.com/news/singapore/electricity-tariffs-to-rise-by-6-9-for-july-september-period-10482456

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