Home / Knowledge / News / Textiles / Intl oil prices depict a microscopic fall
Intl oil prices depict a microscopic fall
12
May '08
Global oil prices relaxed a little but still clung to above US $125 today, as inflow of investment funds and shortage in supply helped thrust the costs to hit another record high.

Light sweet crude for June delivery marked 56 cents lower at $125.40 a barrel. Moreover, the benchmark contract closed on Friday at $125.96 after spiraling to record $126.25 in intraday trading at the New York Mercantile Exchange.

Brent North Sea crude for June settled 61 cents lower at $124.79 a barrel after hitting an all-time peak of $125.90 in London on Friday before falling down to $125.40 a barrel.

Since the time oil prices broke the $100 a barrel record in the beginning of this year, they have risen by nearly 25 percent.

Expert analysts gauge that weakening dollar coupled with high energy demand from Asian powerhouse economies like China and India have played a paramount role in keeping the oil market inflated.

Besides, upheaval and militant attacks targeting oil company infrastructure in Nigeria have also cut oil supplies, consequently hiking prices for the commodity.

Must ReadView All

Textiles | On 23rd Jan 2017

Textile & clothing trade fair Momad Metrópolis begins Feb 3

Spanish textile and clothing trade fair Momad Metrópolis will be held ...

Apparel/Garments | On 23rd Jan 2017

Amazon opening ninth fulfilment centre in Texas

Amazon, the world biggest online retailer is opening its ninth...

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search