Oil barrel over 141$

The price of the oil barrel jumped over 141 US Dollars on Friday, after reaching a historical maximum of 140 on Friday and decreased under 139 on Friday morning, on Asian markets. At the London Stock Exchange, the Brent oil was 141.98 $/barrel, while the price at the New York Stock Exchange reached 141.71 dollars per barrel.

The president of OPEC (Organization of Petroleum Exporting Countries) estimated that the price this summer will range between 150 and 170 dollars per barrel, and then it may decrease until the end of the year. „It is all up to the European Central Bank and its decision to reduce the Euro currency quotation”, the OPEC official said.