Oil Prices Could Reach $110 Per Barrel

Oil prices could reach $ 110 a barrel by July, according to a well-known analyst of the oil market Stephen Schork. 

"There is a high probability that the price will reach 95 dollars per barrel. After the end of June barrel can cost more than 110 dollars", - agency Bloomberg quotes Schork . "However, if prices reach $ 110 a barrel, demand starts to decline", - he said. 

May futures of North Sea petroleum mix of mark Brent Crude Oil at London exchange ICE (InterContinental Exchange Futures) following trades rose by 1.31 dollars - up to 84.01 dollars per barrel. On the New York Stock Exchange NYMEH (New York Merchantile Exchange) cost of the May futures for U.S. light crude oil Light Sweet Crude Oil rose by 1.11 dollars - up to 84.87 dollars per barrel.

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