View Cart (0 items)

Oil fades from $67 record high

August 16, 2005
/ Print / Reprints /
| Share More
/ Text Size+

Reuters reports that oil faded from its $67 high on Monday, August 15 but the United States'' refusal to rule out force against Iran, OPEC''s second biggest producer, kept prices bubbling. Doubts that the oil industry can pump and refine enough crude have catapulted prices nearly 40 percent higher this year. Iran''s determination to press on with its nuclear program in defiance of the West has put the world''s fourth biggest crude producer at risk of punitive United Nations sanctions.

You must login or register in order to post a comment.