TRANSWORLD OIL & GAS (TWOG.PK) Message Board

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Gold/Mining/Energy : TRANSWORLD OIL & GAS (TWOG.PK)

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From: guanxi2005	8/12/2005 1:08:48 PM
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NEWS: Oil charges close to $67 on capacity worries By Peg Mackey 1 hour, 3 minutes ago LONDON (Reuters) - Oil prices raced to record highs near $67 a barrel on Friday as investors fretted over the world's strained capacity to refine and pump crude oil. U.S. oil has risen 51 percent since the start of the year. The stage could be set for further gains, with no let-up seen in global demand growth and no signs that $60-plus oil is harming the economy of the world's largest consumer, the United States. U.S. light crude at 1550 GMT was up $1.05 at $66.85, just off a new all-time high of $66.95 a barrel. London Brent crude was up $1.08 at $66.46. news.yahoo.com (With oil being the hot topic these days, and at such high prices, if TWOG.PK gets that 49% of the Russian oil and gas company closed soon, we could be in the serious money. I'm hoping...)

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