Home / Knowledge / News / Textiles / Crude oil price hits another record
Crude oil price hits another record
07
Jun '08
Global crude oil prices are predicted to touch US $150 by the first week of July and this might as well prove itself to be true since prices have already touched $139 on June 6 breaking all the past records.

Prices soared by more than eight percent in a single day and were driven by heightened tension in the Middle East region. This abrupt rise has raised the likelihood of further acceleration of inflation which is even now bringing turmoil in the transportation sector.

Light, sweet crude for July delivery mounted as high as $139.12 on the Nymex, before easing slightly to settle at $138.54, up $10.75. Prices hit a previous record of $135.09 a barrel on May 22, and settled Thursday at $127.79.

Brent crude on the ICE futures exchange also settled $10.15 higher at a record $137.69 a barrel, after hitting an all-time high of $138.12 a barrel.


Must ReadView All

Azerbaijan's Gilan Textile Park raises exports by 40%

Apparel/Garments | On 18th Aug 2018

Azerbaijan's Gilan Textile Park raises exports by 40%

Azerbaijan's Gilan Textile Park has raised its exports by 40 per cent ...

CPD studies living cost of Bangladesh RMG workers

Apparel/Garments | On 18th Aug 2018

CPD studies living cost of Bangladesh RMG workers

The living cost of readymade garment (RMG) workers in Bangladesh...

Brazilian cotton price index returns to April 2018 level

Textiles | On 18th Aug 2018

Brazilian cotton price index returns to April 2018 level

Cotton prices dropped in Brazil in the first fortnight of August as...

Interviews View All

Top executives
Textile industry

It will take some time for the people to change their buying choices

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Yash Jain & Sanjeev Jain

Divyam Export, launched about 30 years ago, exports to 15 countries,...

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search