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ENR > Business & Labor > Second Quarterly Cost Report 2005 - Equipment - Demand for Crude Oil Has Fuel Prices Pouring Over the Top

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Second Quarterly Cost Report 2005 - Equipment - Demand for Crude Oil Has Fuel Prices Pouring Over the Top

Publication Date: 27-JUN-05
Author:  Tudor Hampton
Price: $4.95
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Description
Energy markets showed early warning signs of inflation last October, when the price of crude oil reached more than $51 a barrel during regular trading on the New York Mercantile Exchange. Global price swings, blamed on labor unrest in some oil-producing nations, on top of tight supplies and high demand, sent nominal fuel prices soaring to their highest in ...

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