Sentences with phrase «over-year increase in oil prices»
The unusually high growth rate for the sector is due to both a significant year - over-year increase in oil prices and a comparison to unusually low earnings in the year - ago quarter.
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The March increase was the largest year - over-year move since it hit 2.4 per cent in October 2014, just as the oil - price slump was getting underway.
On what the driving force behind the rally in crude oil prices has been recently, Pickens said, «Now you are approaching 2 million barrels a day year - over-year on increase in demand.