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The price of oil on the global market stands at $56.52

The price of oil on the global market stands at $56.52

oil on the global marketThe matter of Trinidad and Tobago’s economic stability and its dependence on the oil price, remains a national factor of importance.

Speaking at yesterday’s post cabinet media briefing at the Prime Minister’s Office in St. Clair, Minister in the office of the Prime Minister and Minister in the Ministry of Legal Affairs, Stuart Young said while globally, oil prices are increasing, there remains concern over local production.

Minister in the Ministry of Legal Affairs, Stuart Young

Minister in the Ministry of Legal Affairs, Stuart Young

He noted that the OWTU and Petrotrin imbroglio is presently before the court, however he assured both parties are working on an agreeable outcome.

The Finance Minister, Colm Imbert was unavailable at yesterday’s media briefing, for comment.

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