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Oil Price New Record

  •  World

Oil prices are flying now after so long time dropping down because of the surplus in the market. Now they get high; the reasons are conflict in Yemen and slowdown in U.S. shale oil production, BBC reports.

Brent Crude is at $65.37 a barrel, which has been gained by $9 since March. Overall analysis of the oil market show that upwards prices. There is a vision for prices to get $70 a barrel for Brent for the next month. But the profit is not guaranteed for everyone. Profit forecast for BP, Shell and Exxon shows 60% fall.

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