(Submit Articles) Singapore based Wilkinson Bennings Securities reported oil prices have had a tumultuous ride this week, rocketing more than 9% since last week as investors reacted to the changing political stage across North Africa and the Middle East.

The U.S. benchmark petroleum contract, West Texas Intermediate, for April delivery climbed 59 cents to settle at $97.87 a barrel. Prices hit a peak above $103 on Thursday, before moving back to close at $97.26 a barrel. Brent crude, the European standard, added 53 cents to $111.89 a barrel.

Friday's relatively quiet action incomes near the end of a volatile week. On Wednesday, prices spiked above $100 per barrel for the first time since October 2008, as the political upheaval in Libya hit the nation's oil exports.

The market remains suspicious of the volatile situation in Libya, where opponents of Moammar Gadhafi's decades-old dictatorship have taken control of several major cities outside of the capital city of Tripoli.

It is important that you read the relevant documentation before you invest with any advisor to ensure you understand the specific risks involved and to determine whether it is a suitable product for you. Wilkinson Bennings Securities provides copies of all relevant documentation free of charge upon request. The value of shares or funds, as well as any income from them can go down as well as up and you may not get back all that you have invested.

Wilkinson Bennings Securities believes that the information within this release is accurate as at the date of publication. We cannot guarantee the accuracy, suitability or completeness of any such information after this date. We accept no liability for any data transmission failures such as data loss or damage or alteration of any kind. Accordingly Wilkinson Bennings Securities accepts no liability for any loss or damage arising from the use of any part of this release.

Estimates of future returns or indications of past performance in this release are for information purposes and should not be considered as a guarantee of future performance. Changes in currency exchange rates may have an adverse effect on the value or income. The level of tax benefits and liabilities will depend on individual circumstances and may be subject to change in the future.

Visit the Author's website: http://wilkinsonbennings.com