Tuesday, April 25, 2006 

Price of oil to remain above $75 for next 5 years 

FT.com: Security of oil supply raises fears of long-term contango

The last time oil prices rose to record levels, it was only short-term prices that moved higher. This time it is different: not only are deliveries for June priced at their highest level ever - about $75 a barrel - but the market is suggesting prices for the next five years will remain above $70 a barrel.
posted by Webmaster  @ 1:34 PM 2 comments

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