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General News 7/5/2008 at 12:02 AM EDT

Analysts: End to Rising Oil Prices Not in Sight

Quicklink Submitted By Sheila Samples 1 comment

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The price of oil has hit an all-time high in London, rising above $146 a barrel, with New York crude prices not far behind. Tendai Maphosa reports for VOA from London analysts do not see an end to the price increases anytime soon.

The prices of crude have reached record levels, but the bad news, analysts say, is they have not peaked yet.

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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

Related Topic(s): Oil Cost Of $$$; Oil Demand Supply; Oil Price Fixing Manipulation, Add Tags

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