crude oil prices surges to highest since 2008

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

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

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

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

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

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

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

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