Oil prices reach $120

Only two months after reaching $100, oil prices reached $120. As the AFP notes: ” Oil prices surged to new heights Monday, with Brent crude topping $120 a barrel for the first time since August 22, 2008″

It took very little time back to 2008 for oil prices to reach $140 once they had reached $120 : less than two months. In 2009, oil prices went up by 78 percent and were below $100 on January first…

Here is a question to close today’s article : to you, how much time will it take for prices to reach $130 or $140 ? I believe it won’t be long ( a few months maximum…)

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