Summary
THE oil price is gushing again. It surged to an 11-month high above dollars 75 a barrel yesterday, and is now within striking distance of the all-time record of dollars 78.65 set in August 2006.
Few would have bet on this development a year ago, when most pundits believed a modest price moderation was likely after such strong gains.See the full content of this document
Extract
Scrutineer: Oil Price Pressure Grows
Oil is nearing those peaks again because production disruption in Nigeria and output cuts by OPEC have raised concerns that global supplies are tightening just as demand is picking up due to the driv...
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