[Grammar] with oil prices reaching a peak of approximately $130 per barrel

[yi-ing]

What does "with" mean? Is the following defenition in Longman correct?

In Longman Dictionary:
14) because of a situation that exists
with something doing something
https://www.ldoceonline.com/dictionary/with

A dramatic increase in both commodity prices was seen from 2007 to 2008, with oil prices reaching a peak of approximately $130 per barrel and the food price index rising to 220 points.

Source: http://ielts-simon.com/ielts-help-and-english-pr/ielts-writing-task-1/

 

[Matthew Wai]

A dramatic increase in both commodity prices was seen from 2007 to 2008, during which oil prices reached a peak of approximately $130 per barrel, and the food price index rose to 220 points.

I think 'with' refers to the situation that existed from 2007 to 2008 according to the Longman definition.

 

[Tdol]

There was an increase over the period. With introduces the peak.

 

[TheParser]

NOT A TEACHER



Hello,

I have found some information that may interest you.

One book that is used by many teachers and students says this: "With" can introduce the reasons for a situation (rather like "because there is/was").

Its examples:

1. With this work to do, I won't have time to go out.
2. With three people away ill, we'll have to close the shop.
3. With friends like you, who needs enemies?


Source: Michael Swan, Practical English Usage (1995 edition), entry #602.4 on page 630.