Hobbs
10-16-2007, 06:00 AM
NEW YORK (AP) - Oil prices surged as high as $86 a barrel Monday for the first time after OPEC said crude production by non-member countries is likely falling even as global demand for oil is rising.
Prices were also supported by concerns that Turkish forces will pursue Kurdish rebels into Iraq, disrupting oil supplies, and by technical buying by investment funds.
http://www.breitbart.com/article.php?id=D8S9S4NG0&show_article=1
Prices were also supported by concerns that Turkish forces will pursue Kurdish rebels into Iraq, disrupting oil supplies, and by technical buying by investment funds.
http://www.breitbart.com/article.php?id=D8S9S4NG0&show_article=1