SAN FRANCISCO (AFX) – Hints that OPEC will discuss raising its oil price target and continued concerns over the availability of Iraqi oil pulled crude prices to their loftiest level in two weeks and gasoline futures to a fresh record high. “OPEC has acknowledged that they are ready to ratchet up prices … possibly 30%,”…
MARKETS: Crude hits two-week high; gas futures end at new record
Posted on May 4, 2004 by EnergyAsia