There’s more worrying sign that Jamaicans will be seeing higher prices at the pumps.
Oil prices rose for a second straight session yesterday, closing at the highest level in 11 weeks, as U.S stock markets rallied to a three-month high and traders eyed ongoing turmoil in the Middle East.
The gains extended Friday’s strong rally after U.S. jobs data calmed concerns about a slowing economy and on hopes that Europe can address its debt crisis.
In London, Brent September crude rose 61 cents to settle at 109 dollars 55 cents, the highest close since May 16.
U.S. September crude also closed higher for a second straight session, gaining 80 cents at 92 dollars 20 cents, the highest since July 11.
The prices of