Oil price rises sharply

Die Vryburger

Oil price rises sharply
Oil price rises sharply - Image - Die Vryburger

The crude oil price has reached $ 60 a barrel after an oil pipeline was blown up in Libya.

Libya’s supply to the market decreased by 100 000 barrels a day, while the Opec countries reduced their supply to the markets.

The price is the highest since June 2015. It may mean that the price of fuel may increase further in the early months of the new year.

Read the original article in Afrikaans on Die Vryburger

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