Oil price hike seen next week - video Dailymotion

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Oil price hike seen next week

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00:00Notice to motorist expect an increase in the prices of petroleum products next week

00:05According to the Energy Department's estimate the possible increase in the prices of diesel is 40 to 60 centavos per liter

00:13Kerosene may go up by 60 to 80 centavos per liter and gasoline by one peso and 50 centavos per liter

00:20According to the DOE the rise in oil prices is due to tensions in the Middle East

00:25Large withdrawals from inventories in the US and positive estimates of oil demand

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