(EnergyAsia, September 4, Tuesday) — Oil prices are likely to test new highs this year despite the threat of a US economic recession brought on by the collapse of its real estate market. WTI crude futures closed at a record US$78.21 a barrel on July 31, and touched a new high of $78.77 the following…

(EnergyAsia, September 3, Monday) — Oil prices are likely to test new highs this year despite the threat of a US economic recession brought on by the collapse of its real estate market. WTI crude futures closed at a record US$78.21 a barrel on July 31, and touched a new high of $78.77 the following…