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"Crude Oil Prices Hover Near $50 a Barrel"

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GreenPartyVoter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-28-04 11:57 AM
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"Crude Oil Prices Hover Near $50 a Barrel"
"Jason Kenny, and oil and gas analyst with ING Financial Markets in Scotland, said: "There is a lot of supply concern in the market, I think we'll have a lot of volatility over the next few weeks, until we get some clarity about U.S. oil inventories, OPEC output movements, geopolitics."

Kenny said oil prices could conceivably rise to $60 in the near future, but he said they were more likely to fall, barring another major terrorist attack. "I personally think the $50 level is unsustainable," he said, because some oil importing nations can't afford that price."

http://apnews1.iwon.com//article/20040928/D85COIGO0.html?PG=home&SEC=news
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Eurobabe Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-28-04 11:59 AM
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1. it topped $50 already
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GHOSTDANCER Donating Member (550 posts) Send PM | Profile | Ignore Tue Sep-28-04 12:03 PM
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2. I see people complain about paying 2 dollars a gallon.........
Edited on Tue Sep-28-04 12:04 PM by GHOSTDANCER
while they slurp down 8 Dollar gallons of Aquafina.
Bizaroo World? Ya thats right.
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