Oil Sails to Another 10-Year Highergreenspun.com : LUSENET : Grassroots Information Coordination Center (GICC) : One Thread |
Oil prices vaulted to another 10-year high
on Wednesday prompting the International
Monetary Fund to warn that rising fuel
costs are casting a shadow over the global
economic outlook.. . .
The API industry group said U.S. crude fell
almost two million barrels in the week to
September 15 to 287 million barrels or 22
million below year-ago levels.Worse still for those worried about fuel
shortages this winter in the world's biggest
petroleum importing nation, heating oil and
diesel stocks showed little change.Global News
-- spider (spider0@usa.net), September 20, 2000