jan-stuart – The Mail & Guardian

/ 17 April 2008

Oil sets yet another record

Oil set a record above a barrel on Thursday as a drop in United States gasoline inventories raised concern of tighter supply and a weak dollar boosted investor demand for commodities. A US government report on Wednesday showed a surprise drop in crude inventories and a larger-than-expected decline in stocks of petrol.

By Alex Lawler

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Article

/ 5 December 2007

Oil up as Opec agrees no output change

Oil rose on Wednesday after the Organisation of the Petroleum Exporting Countries (Opec) decided to keep output levels unchanged, rebuffing consumer-country calls for more crude to rein in prices now near a barrel. Opec also agreed to meet again at the end of January to review its decision ahead of a regular March gathering.

By Staff Reporter