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Oil holds above $53, Venezuela says no OPEC output rise

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struggle4progress Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 08:09 PM
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Oil holds above $53, Venezuela says no OPEC output rise
LONDON, MARCH 4: Oil prices held firm above $53 on Friday after the president of OPEC member Venezuela said he saw no need to raise output to cool prices. US light crude was down 10 cents at $53.47 a barrel, holding below Thursday’s $55.20 peak, the highest price since the contract hit a record $55.67 on Oct. 25. Prices are up over 18% in the last four weeks. London Brent crude fell 25 cents to $51.70 a barrel after hitting $53.00 on Thursday, its highest price in 17 years of trade on the International Petroleum Exchange.

http://www.financialexpress.com/fe_full_story.php?content_id=84373
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PROGRESSIVE1 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 08:29 PM
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1. Good. Americans need to stop buying SUV's!
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teryang Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 09:09 PM
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2. Don't worry it's just speculators!
just kidding ;-)
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bemildred Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 10:06 PM
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3. So, do you think Michael Jackson is guilty? nt
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