| 29.05.2009 - Oil surges to six-month high after OPEC sees the light |
| From Telegraph.co.uk: Oil prices surged to a six-month high of $65 a barrel at one stage yesterday in New York, on recovery fever after a sharp fall in US crude inventories and bullish comments from the OPEC oil cartel. "We are seeing a light in the end of the tunnel," said OPEC secretary-general Abdalla El Badri following a special meeting in Vienna, citing a clear pick up in demand from China, India and the rest of Asia.......Full Article: Source |