Oil prices 'will not fall any time soon' - 11/04/2011
Now might be a good time to compare energy deals as oil prices continue to rise.
Thisismoney.co.uk reports that the political upheaval in Libya combined with increasing demand for oil around the world has sent the cost of Brent Crude oil to highs not seen since August 2008, ending last week on $125 a barrel.
An unnamed commodities analyst at Commerzbank told the website that prices are not expected to fall any time soon.
"To calm the protests in the Arab countries, social spending has been increased considerably and Opec [Organisation of Petroleum Exporting Countries] members need higher oil prices to increase their oil revenues," the analyst said.
Meanwhile, the Telegraph reports that the rising cost of cheap energy, food and clothing means peacetime household disposable income is at its lowest since 1921.
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