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Oil prices fluctuate as US winter keeps market guessing

OIL prices surged this week, passing US$61 per barrel, following a huge British fuel depot fire and OPEC’s decision to revert to production quotas, but fell again on forecasts of a warmer-than-normal US winter.

Oil prices fluctuate as US winter keeps market guessing

On Monday US crude rose US$1.71 to US$61.10 per barrel, recovering from a 2.1% slide on the New York Mercantile Exchange last Friday. London Brent crude rose US$1.89 to US$59.20 on the International Petroleum...

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