Analysts: End to Rising Oil Prices Not in Sight

Analysts: End to Rising Oil Prices Not in Sight: "The price of oil has hit an all-time high in London, rising above $146 a barrel, with New York crude prices not far behind. Tendai Maphosa reports for VOA from London analysts do not see an end to the price increases anytime soon.

The prices of crude have reached record levels, but the bad news, analysts say, is they have not peaked yet.

John Mitchell, an energy analyst at the London research center Chatham House, tells VOA prices will keep rising unless there is a sharp drop in demand."