Oil at $60 a Barrel this Winter?

With oil hitting $55.00 per barrel, analysts are expecting prices to top $60.00 by the end of the year -- in the middle of northern winter.
October 19, 2004, 5am PDT | Michael Dudley
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Analysts fear that, with surplus supplies at only 1% of daily demand, the war in Iraq, unrest in Saudi Arabia and the threat of rebel attacks on oil production in Nigeria -- as well as slowdowns in production in the Gulf of Mexico -- all point to continuing increases in the price of oil.

Thanks to Michael Dudley

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Published on Monday, October 18, 2004 in The Scotsman
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