[lbo-talk] Crude oil prices hit $53 per barrel

Leigh Meyers leighcmeyers at gmail.com
Fri Mar 4 22:26:27 PST 2005


Columbia Newsblaster:

Summarizing all the news on the WebFriday, March 4, 2005 Articles from 03/01/2005 to 03/04/2005 Last update: 9:25 AM EST

http://newsblaster.cs.columbia.edu/summaries/2005-03-04-09-25-47-142.html

Crude oil prices hit $53 per barrel Summary from multiple countries, from articles in English

U.S. gasoline prices are almost certain to hit fresh record highs this spring or summer when motorists hit the roads for vacation season, the AAA auto group said Thursday. (article 5) Sundstrom said a spike in U.S. gasoline futures to new peaks on the New York Mercantile Exchange and soaring costs for crude oil, the feedstock refiners use to make fuel, had already caused some pump prices to rocket higher. (article 5) Oil prices surged within striking distance of a new record Thursday but ended off their peaks after OPEC-member Nigeria said the cartel could raise production to rein in runaway prices. (article 2) Crude yesterday jumped nearly $2 a barrel here to set a four-month high at $53.09 - while gasoline reached a new record high of $1.4850 a gallon at the wholesale level. (article 7) Crude futures climbed to a four-month high above $53 a barrel yesterday as traders bet that the world's petroleum supply would remain tight due to rising demand. (article 4) Analysts said the $1.78 afternoon surge was caused by a number of factors including strong speculative buying and comments by oil producers cartel Opec. (article 8) US crude prices have soared to fresh four-month highs above $53 in the US as refinery problems propelled petrol prices to an all-time high. (article 1) <...>

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