Demand curve lifts crude price

WORLD oil prices slumped and jumped this week - first falling on signs that OPEC intended keeping current production levels, then gaining on news that US crude supplies had dropped, and finally rocketing after warnings from the International Energy Agency.

11 February 2005
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Oil prices jumped back above the US$46 per barrel mark on Thursday after an International Energy Agency (IEA) warning that faster-than-expected demand and disappointing world production growth could

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