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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