Business | Oil & Gas
Oil rising on weak dollar, Iran war threat, Opec president says
Oil prices, which reached a new record last week, will keep rising if the dollar continues to fall and if oil producer Iran is attacked, the president of the Organisation of Petroleum Exporting Countries said.
- Oil jumped as high as $147.27 a barrel on July 11 after the Jerusalem Post said Israeli war planes practiced over Iraq, possibly preparing for a strike against Iran.
Popular in Oil and Gas
Popular in Business
Business Editor's choice
Gadgetlovers throng Dubai World Trade Centre as the second Gitex Shopper Spring 2014 open its doors
Retailers have mixed views on cricket matches affecting sales
UAE-US Economic Policy Dialogue held in the UAE to strengthen economic ties between the two countries