Cold Snap Could Push Oil Price to New Highs
Evening Standard - London › November 23, 2005
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Summary
THE oil price could rocket to fresh highs above $70 a barrel, City analysts warn today.
They say an expected cold snap this winter will put renewed pressure on tight supplies, driving crude prices higher. Ongoing geopolitical tensions in the oil-rich Middle East will also buoy the market.See the full content of this document
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Cold Snap Could Push Oil Price to New Highs
US crude tumbled to a five-month low of $55.40 on Friday thanks to recent mild weather on both sides of the Atla...
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