Brent crude oil prices in 2011 are 150-year highest

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Source: Commodityonline

Brent crude oil prices are likely to average near $111 a barrel this year being the highest during 150 years, reported IHS Cambridge Energy Research Associates. The crude oil price is the highest in the all history of petroleum age in both nominal and inflation-adjusted terms, said Daniel Yergin , IHS CERA chairman. However, global financial difficulties may weight down the oil price, he added.

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