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.

1 minute read

October 19, 2004, 5:00 AM PDT

By Michael Dudley

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

FULL STORY: Oil Prices 'Heading for 60 Dollars A Barrel'

Monday, October 18, 2004 in The Scotsman

Transportation United States

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