Oil Price Hike: Reasons and Impacts

Of course when oil prices go up or down sharply, the number of writers who seek to analyze the market situation and who claim to know all its aspects and secrets will increase. There is no doubt that the current surge in prices was unexpected, as most, if not all forecasts by experts, consultancy firms, energy organizations and companies at the beginning of this year were not expecting that prices would reach even $ 35per barrel.

Arab News