Oil price hike seen next week
Oil price hike seen next week
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NewsTranscript
00:00Oil prices will rise in the first week of September.
00:04Gasoline may increase by 20 to 45 centavos per liter, diesel by up to 20 centavos per
00:10liter, and kerosene by 40 to 55 centavos per liter.
00:15Factors include global demand, Middle East tensions, and Libyan production issues with
00:20a possible U.S. Federal Reserve rate cut also influencing prices.