Friday, May 23, 2008

Blame short-covering traders for US$135 oil

(NEW YORK) Oil prices are heading to more than US$142 a barrel in the next eight years, according to futures contracts on the New York Mercantile Exchange, on concern that growth in supply may fail to keep pace with rising demand.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,280454,00.html?

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