Strong demand from emerging economies like China, combined with supply disruptions, geo-political concerns, the weak US dollar and speculative demand amidst the US financial crisis have underpinned the movements in oil prices. Prices are anticipated to remain high in the months ahead.
In conclusion, our very warm thanks to the Prime Minister and all the former Governors for making this book release a flagship event in the Reserve Bank’s Platinum Jubilee celebrations. 2  BIS Review 3/2010