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Oil Prices Continue to Rise
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Oil prices were at a five-month high today and the price of Brent crude from the North Sea approached 115 dollars a barrel, the equivalent of about 14 thousand Icelandic krónur, while the conflict in the Middle East continued.
·Reykjavík, Iceland
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The oil price is heading for a third consecutive week of gains. The krone is among the strongest currencies this year and the price of oil in six months is approaching $100.
Dagens industri+3 Reposted by 3 other sources
The price of oil rose sharply on Thursday – and continued to rise overnight into Friday. The price of a barrel of North Sea oil is now starting to approach the peak prices of the spring.
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