Contact Me By Email

Atlanta, GA Weather from Weather Underground

Monday, September 27, 2004

BBC NEWS | Business | World oil prices hit new highs

BBC NEWS | Business | World oil prices hit new highs: "World oil prices hit new highs
World oil prices broke fresh records on Monday, with US light crude closing in on the $50 a barrel mark, and Brent crude topping $46 in London.
November Brent crude was up 92 cents at $46.25 by 1415 GMT, while US light crude rose to a record high of $49.74.
The president of Opec said earlier that supply was adequate, and that the oil producers' cartel would not review output quotas before December.
The latest highs are due to hurricanes off the US, the Opec president said.
Analysts said they expected US prices to breach the $50 mark for the first time. "

No comments:

Post a Comment