LONDON (AFX) – Oil is seen trading in current high ranges in the medium term amid expectations that OPEC will be reluctant to hike output, despite the onset of wintry weather in the US and likely continued severe disruptions to Venezuelan supplies, analysts said. US inventories are shrinking as imports dry up from Venezuela, whose…
MARKET: Oil price to stay high on tight OPEC supply, cold winter, Venezuela
Posted on January 13, 2003 by EnergyAsia