Oil Prices make history again. Crude oil closed above $100 a barrel for the first time ever yesterday. Worries about possible cutbacks in oil production by Organization of Petroleum Exporting Countries, or OPEC, combined with a Monday explosion at the Alon USA refinery in Big Spring, Texas, goosed oil prices above the $100 mark to be exact it is $100.01 initially and rouse to $100.10 at the peak yesterday. This is a new record reported at MSNBC.
Also what worries is a possible violent thread in Nigeria. So world political scenario will have a great impact on the current world oil prices.
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