OPEC Flap Won’t Help Keep a Lid on Oil Prices
Investing News Network - June 8th, 2011
Forbes reports that after OPEC’s production talks on Wednesday oil prices may continue to surge to record levels this year.
Forbes reports that after OPEC’s production talks on Wednesday oil prices may continue to surge to record levels this year.
The market news is quoted as saying:
In May Saudi Arabia boosted its output by 450,000 barrels a day to 9 million barrels of oil in order to meet supply levels. In the U.S. demand has been growing robustly, at 19.2 million barrel per day.