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Oil price jumps to $ 55 for the first time
Regional, Economics, 10/16/2004
The American crude oil registered a new record. The price of one barrel of oil reached $ 55 for the first time, amid fears of the shortage of supplies and energy storage in the USA because of the fall of the winter season. The American light crude oil increased prior to the closure in New York Bourse, delivery of November by 24 cents so as to reach USD 55.
Oil prices receded slightly until almost the end of the session with the announcement of suspending the general strike in Nigeria before these price increased once again to have a new record.
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(10/14/2004)
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