Oil price reaches the $86 mark

Entrepreneurs never give up	Building Credit through Prepaid Cards
Global sentiment does matter!	Money Is Not Wealth

Monday, 15th October 2007 at 10:27 pm by Rander

Oil price reaches the $86 mark

The price of one barrel of oil reached $86 today, this after an announcement by Opec that crude oil production is slowing down in non-member countries. There are also growing fears that Turkish forces will pursue Kurdish rebels into Iraq and that could disturb oil supplies from the oil rich country. The middle east pumps a third of the worlds’ oil and supply disruptions there could easily impact the world oil price.

We have just had an interest rate increase in South Africa and do not be surprised if fuel prices go up again soon in South Africa due to the rise in oil prices.

Platinum reaches record highs
The platinum price hit a record high today as it reached the $1 915 an ounce mark. This all largely due to the current electricity problems being face...
Rand gets close to R8 / dollar
At lunch time today (8 February 2008), the rand traded at R7.8675 against the dollar after having earlier reached the R7.875 mark. It is not looking t...
Platinum sours to $2100
The psychological mark of US$2 000 an ounce was reached last week in the price of platinum. Today (18 February) the price reached $2 119 an ounce. The...

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.