(EnergyAsia, September 13, Thursday) — New York oil futures appear ready to break the US$80 a barrel barrier despite OPEC’s latest decision to raise output by 500,000 b/d from November 1. Not even the threat of a US recession brought on by the subprime real estate crisis has been sufficient to threaten the oil markets.WTI…
MARKETS: New York oil futures settled at record level on Sept 11 despite OPEC production increase fr
Posted on September 12, 2007 by EnergyAsia