Dontcha wish it *was* "all about the oil"?

Published on August 11 2005

My Way News
Oil prices zoomed higher Wednesday, touching a new high of $65 a barrel, with buyers focused on refinery snags and shrinking U.S. inventories of gasoline. The latest rally - crude futures have risen 14 percent in three weeks - highlights just how nervous the market has become to just about any threat to output, even though analysts say the country has adequate levels of fuel in inventory to offset routine supply disruptions. The heightened sensitivity comes amid strong demand in the United States and China, the world's top consuming nations, where high prices have only tempered rising fuel consumption slightly.

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Published on #Current Affairs

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