1.
Crude oil prices tumble on Dubai news
Wednesday, November 25
NEW YORK, May 7 (UPI) -- U.S. financial giant Goldman Sachs projects crude oil prices could reach $200 a barrel in the next 24 months, a company document says.
The firm cites the slow growth of supplies of the benchmark commodity, 24/7 Wall Street reported Wednesday.
The Goldman Sachs summary says, "the remaining duration of the upcycle remains a major uncertainty," 24/7 Wall Street noted.
On Tuesday, a new monthly report issued by the U.S. Energy Information Administration said crude oil consumption would increase at the rate of 1.2 million barrels per day in 2008.
| Additional News Stories | |
WASHINGTON, Nov. 29 (UPI) --
Osama bin Laden was cornered in the Afghan mountains in 2001 but the United States did not deploy massive force to capture or kill him, a Senate report says.
|
|
|
|