Oil hits over $93: Will it keep rising as a result of Turkey and Kurdish rebels

Oil has now hit a record high at over $93, as the price of a barrel of oil hit $93.20 it meant that it set a new record high the third day in a row. One of the main reasons for this high price of crude oil is the stand-off between Turkey and Kurdish rebels, however the with the lowering of interest rates, the weak dollar and the fears of winter fuel supply, all these combined have not helped with the price of oil.

Just last week we noticed that the price of a barrel of crude oil actually fell, but in the last few days the price has just gone up higher than we have seen before. We are now watching closely, as we are heading for some very troubling times ahead with purchasing fuel in the future.