Tag archive for ‘Crude Oil Futures’
Reuters: Oil hits record near $130 as supply fears grow
New York, NY (Reuters): Crude oil prices scaled a new peak near $130 a barrel on Tuesday amid deepening worries over tight global stockpiles and signals from OPEC that no additional supplies are forthcoming to ease the crunch.
Billionaire investor T. Boone Pickens said Tuesday he expected oil to hit $150 a barrel this year. The [...]
FT: Saudi to increase Oil Output
London, UK (FT.com): Saudi Arabia said on Friday that it was increasing its oil production to its highest level in two years, bowing to intense US pressure after the price surged to a fresh record of almost $128 a barrel.
The announcement of a boost to output by about 300,000 barrels a day came after a [...]
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