Value of Scottish oil continues to climb above $70 per barrel

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The June settlement is now $72.22 per barrel, the highest for 3 years. The actual amount traded on Wednesday was 52% above the average. Current instability in the Middle-East is one factor.

https://www.oilandgaspeople.com/news/16451/oil-surges-to-three-year-high-as-middle-east-tensions-intensify/

However, growing demand from Asia is a constant factor which seems likely, on its own to push prices even further to around £100 per barrel. See:

Is a third forecast that Scotland’s oil will hit $100 per barrel again, a sure sign?

And, contrary to some ‘experts’, there is still plenty left in the North Sea, with even more to come online west of Shetland:

20 years till peak demand for Scotland’s oil, time to get our share?

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