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Oil prices have risen to a new record high of $90 a barrel.
The recent surge comes as the dollar continues to weaken against major currencies especially the Euro.
While oil prices have risen sharply in dollar terms in recent days, the steadily weakening dollar means oil trades are seen as a bargain overseas.
Data released in recent weeks shows speculative buying of oil futures is on the rise.
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Annisa Essack | kzn@radioislam.org.za 24 May 2023 | 15:30 CAT 2 min read Dr Muhammet Kocak, a foreign policy analyst based in Ankara, spoke to Radio Islam International on the Turkish Election Run-Off due on Sunday, 28 May 2023. Turkish citizens living abroad have...
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