The North Sea is playing a significant role in the rising of oil prices due to storms that have caused supply disruptions. "Prices are stronger due to possible (platform) damage in the North sea," said GNI-Man Financial trader Robert Laughlin. "We had the worst winds on record last night (Tuesday) in the North sea, so we are waiting to see if there is more substantial damage." According to an article from There is also a possibility that OPEC make further production cuts. "There's been some noise that OPEC wants to cut production again. This is causing a lot of nervousness at the moment," said Eswaran Ramasamy, a director for Platts based in Singapore. Murdok | Breaking eBusiness News Your source for investigative ebusiness reporting and breaking news.
Oil Prices Up Thanks to the Sea
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