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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: PROLIFE who wrote (633246)9/27/2004 8:39:19 AM
From: Proud_Infidel  Respond to of 769670
 
ROTFL! <eom>



To: PROLIFE who wrote (633246)9/27/2004 3:01:22 PM
From: tejek  Read Replies (1) | Respond to of 769670
 
U.S. oil near $50, supply fears shift to Nigeria



Monday, September 27, 2004 6:28:55 PM
reuters.com

(Updates prices)

By Richard Mably

LONDON, Sept 27 (Reuters) - Oil prices rose to record highs Monday near $50 a barrel for U.S. crude as Nigeria emerged as the latest focus for worries about supply in an already tight worldwide energy market.

U.S. light crude <CLc1> rose 82 cents to $49.70 a barrel to mark their loftiest level in the 21 years of trade on the New York Mercantile Exchange.

London Brent, the benchmark for European crude imports, rose 79 cents to a record $46.12 a barrel.

"We now think that (U.S.) crude oil could reach $61 before a meaningful sell-off occurs," investment bank Morgan Stanley said in a report to its clients.

Growing concerns over militancy in Nigeria, OPEC's fifth-largest producer, are compounding worries about supply security in Russia, Saudi Arabia and Iraq.

fxstreet.com