
Oil prices held near a record above $115 a barrel Friday amid concerns about falling supplies and rising global demand.
A host of supply and demand concerns in the U.S. and abroad, as well as the depreciating dollar, have pushed crude prices up more than 4 percent this week.
Light, sweet crude for May delivery was flat at $114.86 a barrel in electronic trading on the New York Mercantile Exchange by midafternoon in Singapore.
The probabilistic situation out of this sustained enhanced price of crude is already visible nearly one month since.
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