On February 7, it shot up to $91.25.
Crude oil price rise is now a crude reality. On Friday, it touched a historic high of $135 per barrel mark, and global analysts have predicted that the commodity price would go to the range of $150 soon. Very soon.
Read on for an interesting analysis from Edward Tapamor, oil analyst with Resource Investor, on why the crude oil price is going up and up everyday. . .
Image: An Indian petrol pump attendant prepares to serve a customer at a petrol station in New Delhi. | Photograph: Manan Vatsyayana/AFP/Getty Images
Also read: Why petroleum keeps costing more
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