Oil Prices Reach New High Above $109 a Barrel As Report Suggests Demand Will Remain Brisk
VIENNA, Austria (AP) — Oil prices briefly are surging above $109 a barrel for the first time.
The rise comes as International Energy Agency is warning that there is unlikely to be much relief from current high oil prices because of brisk demand in China and other emerging markets.
You may now return to your regularly scheduled news program showing the latest “news” (wink, wink) about Hillary and Obama trading barbs. Oh and psssst, the Iraq war rages on….