(EnergyAsia, August 2) — Crude oil futures shot right up to US$62 a barrel on news of the death of Saudi Arabia’s King Fahd, a spate of US refinery outages and tensions over Iran’s plans to proceed with its nuclear ambitions. Prices could well climb to another record high in the coming week as…
MARKETS: Oil prices hit US$62 a barrel on death of Saudi King
Posted on August 2, 2005 by EnergyAsia