All fuel markets ended the week strongly, and market watchers believe oil prices this week can challenge the inflation-adjusted record of USD 101.70 set in April 1980.
In New York, the front month oil contract closed at USD 95.93/barrel on Friday, up USD 2.44 day-on-day. Benchmark crude futures have jumped 27 per cent in the past three months on concerns of global-supply shortfalls, strong demand and a flood of investment from financial firms and speculative investors, according to Wall Street Journal.In the light of this, market watchers say this coul
Montag, 5.11.2007, 08:08 Uhr
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