Friday, 29 April 2011 10:58

Crude Oil prices rise with 20 percent in the quarter

In the current news, crude oil prices has increased with 20% in the last quarter, this whilst Brent Crude has risen 38%. The increase in the price has been triggered by the improving demand for fuel. Many companies are now trying to speed up the search for oil and natural gas with a high liquid content.

Houston located company Apache Corp (APA.N) reported earnings close to $1.1 billion, which equivalents to a $2.86 per share price, compared to the year earlier where the numbers were about $705 million, or $2.08 per share.

 

 

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