(EnergyAsia, September 1) — The most destructive hurricane to hit the US in decades may have pushed the oil market decisively into a new bullish phase with dangerous implications for the world economy. With complete ease, New York crude futures surged more than US$4.60 to hit a record US$70.80 a barrel on August 29 following…
MARKETS: ‘Perfect Storm’ And Global Warming Take Oil To A New Dangerously Bullish Phase
Posted on September 1, 2005 by EnergyAsia