Oil climbs $3.50 on Libya, OPEC comments

Courtesy CNN Money  Thu, 06/26/2008 - 9:29am

Oil rallied Thursday following reports that Libya may cut production and an OPEC official said crude could hit $170 a barrel this summer.


Tags:

 

More related items

Opec 'lost $700bn on cheaper oil'
Opec members have lost about $700bn (£467bn) because of falling oil prices, the cartel's president says in an interview.

Oil prices fall on economy fears
Oil prices fall on more bad economic news and after Opec hinted it would not cut oil production soon.

Iran pushes for further oil cut
Iran is to urge Opec to agree another cut in production to boost the price of oil, a top Iranian oil official says.

Oil blows past $70 as stocks rally
Oil prices rose above $70 a barrel Tuesday, propelled by a slipping dollar, a stronger equities market and OPEC production cuts, as Americans went to...

Opec head urges production cuts
Opec countries must implement agreed production cuts if they want stable oil prices, warns the cartel's president.


 

Post new comment

The content of this field is kept private and will not be shown publicly.