Oil prices are breaking record every month since the beginning of the year. Today they reached an unprecendented level of $142 at the New York Mercantile Exchange.

This occurs only seven weeks after oil prices reached $130. This phenomenom is most likely to continue as some forecasts infer that prices may reach $170 this summer.

The Financial Times propose us once again an interesting insight of this event by giving us the reasons and data behind such a continuous increase. Continue reading »