CRUDE OIL AND GOLD PRICES REMAINED AT RECORD HIGH, DESPITE SAUDI ARABIA EFFORT IN STABILIZING THE CRUDE OIL PRICE IN THE WORLD MARKETS.

Crude oil and gold prices have remained at record high in both the domestic and the world markets rated at $99.68 and $1,435.50 respectively, due to the unrest in the North African continent, the Middle East and the Arab world countries, despite the measures of increased production and routes change for shipment carried out by certain countries to curb the inflation on both crude oil and certain essential commodities in the world markets.Saudi Arabia effort in stabilizing crude oil price by doubling its export quota may pay off in the next few days, or weeks, if the shipment reach the intended destination on time.

Written by Godfrey Ohia.