crude oil prices surges to highest since 2008

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iT IS DUE TO THE DELAYS IN THE POTENTIAL RETURN of the iranian crude to global markets

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and as the united states and its allies consider banning imports of russian crude oil

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the united states and europian allies are exploring banning imports of russian oil

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bent rose $11.67 to $129.78 a barrel or say 9.9%

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u.s west texas intermidiate crude (WTI) rose $10.83 to $126.51 a barrel or say 9.4%

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both contracts hit their highest in july 2008 with brent at $147.50 and wti at $147.27 a barrel

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Analyst from jp morgan said that this week crude oil price could soar to $185 a barrel this year

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