Oil price increases of 2004 and 2005 - Asia Pacific Region excludes Australasia

After retreating for several months during the winter of 2004/2005, prices rose to new highs in March 2005. The price of light, sweet crude oil on NYMEX has been above $50/barrel since March 5, 2005. On March 16, 2005, the price surpassed the October 2004 high of $55.17 to close at $56.46. In April 2005 the price began to fall, reaching $53.32 on April 9. It then reversed course and headed to an all time high of $58.28, driven mainly by lingering concerns of a prolonged weak dollar. In June 2005 cru ...

See also:

Oil price increases of 2004 and 2005, Oil price increases of 2004 and 2005 - Causes, Oil price increases of 2004 and 2005 - Spring & Summer 2005 increase, Oil price increases of 2004 and 2005 - Winter 2006 increase, Oil price increases of 2004 and 2005 - Hurricane Katrina, Oil price increases of 2004 and 2005 - Effects, Oil price increases of 2004 and 2005 - USA Stock markets, Oil price increases of 2004 and 2005 - Asia Pacific Region excludes Australasia, Oil price increases of 2004 and 2005 - Sub-Saharan Africa, Oil price increases of 2004 and 2005 - Latin America & Caribbean, Oil price increases of 2004 and 2005 - Gulf States & Eurasian Arab-Islamic Regions

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