Masthead graphic based on a painting by Gudrun Thriemer.

Friday, May 29, 2009

"Oil prices continue rally to $66," BBC, May 29, 2009.

[A milepost--going by at high speed... -jlt]

Oil prices hit a fresh six-month high, buoyed by falling US stockpiles, amid signs the US economy is not shrinking as fast as people thought.

[...]

On Thursday, the Energy Information Administration said US oil supplies had dropped for the third week in a row.

  Also on Thursday, Opec oil ministers decided to keep output unchanged, amid optimism that prices are set to rise. The Saudi oil minister predicted prices will reach $75 this year.

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