(EnergyAsia, August 31, Friday) — World oil prices surged this week on declining US oil inventories, renewed tensions between the US and Iran, and concern that the US subprime crisis may not make a huge dent on oil demand growth.The spark came on Wednesday when US weekly crude and gasoline inventories slumped sharply, sending WTI…
MARKETS: Oil prices surge on lower US inventories, US-Iran tensions, reduced effect of subprime cris
Posted on August 30, 2007 by EnergyAsia