Oil prices at all time high
Posted: 04 April 2005
Oil prices raced to a new all-time peak today, climbing towards $58 a barrel as Opec signalled it would discuss a second output rise to try to ease the market's relentless rally.
US light crude hit a record $57.79 a barrel, surpassing Friday's high of $57.70, which was triggered by a forecast that prices could spike above $100 due to robust global demand and tight spare capacity.
Posted by Editor Pipeline Magazine
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