Oil on new high, Saudi hike fails to stem rally

NEW YORK: Oil shot to a record high near $128 a barrel on Friday as a bullish price forecast from investment bank Goldman Sachs drowned out an offer of more supply from OPEC kingpin Saudi Arabia. Oil prices have risen six-fold since 2002 and doubled since last year as rising demand from China and... [read full story]                    

Add Comment
There are also 81 related articles
View all news articles about*:
*Newstin tag cloud displays all featured persons, associated organizations, related topics, regions and companies