Surge in oil price following Middle East violence
14/07/2006 - 07:45:05Petrol prices look set to rocket again, following an upsurge in violence in the Middle East.
Crude oil rose to more than $78 a barrel yesterday as global markets reacted to the crisis in Israel and Lebanon.
The Middle East collectively pumps nearly a third of the world's oil output, and if tensions continue to grow the prices are certain to continue to increase.
