DALLAS (AFX) — Crude-oil prices remain strong on ongoing violence in Iraq that threatens to derail the country’s oil production and continued growth in demand from China. Crude oil prices recently rose to nearly US$38 a barrel. Oil prices have also found support from rising retail gasoline costs and declining US crude inventories. In Iraq,…
MARKETS: Iraq war, China demand, US gasoline market behind recent high oil price
Posted on April 15, 2004 by EnergyAsia