LONDON (AFX) – Benchmark US crude oil futures will soon break through US$40 per barrel and trade above that key psychological mark in the near term as markets grapple with tight supply conditions and fears of terrorist attacks on oil installations, western analysts said. “We would not be surprised to see prices trading above US$40/barrel…
MARKETS: US crude to peak above US$40, triggering possible OPEC response
Posted on May 12, 2004 by EnergyAsia