Oil barrel reached 125 US Dollars

Another record price for oil was reached on Friday: 125 dollars at the New York Stock Exchange. The constant growth during the past few days was fueled by the fear about lower oil production, as well as by the disappointing financial results at AIG, the world’s largest insurance company. The AIG figures re-fueled the fear of late effects of the financial crisis.

The Organization of Petroleum Exporting Countries insured the markets that the oil production is within its normal parameters, AFP informs, but failed to stop the worries.