Tag archive for ‘Supply Concerns’
FT: US begins to break foreign oil ‘addiction’
London, UK (FT.com): The US is starting to break its “addiction” to foreign oil as high prices, more efficient cars, and the use of ethanol significantly cut the share of its oil imports for the first time since 1977.
The country’s foreign oil dependency is expected to fall from 60 per cent to 50 per cent [...]
Oil prices slip as Dollar Rises
VIENNA, Austria (AP) — Oil prices slipped Wednesday, adding to their steep slide of more than $3 a barrel in the previous session on a strengthening U.S. dollar and data showing a dramatic drop in American fuel demand.
Easing concerns about supplies also put a lower ceiling on prices.
Trading was cautious in Asia as market participants [...]
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