Austin American-Statesman logo Austin American-Statesman 21 months ago

Oil prices break record again, soar above $104

Oil prices reached a record close, surging above $104 a barrel after OPEC decided Wednesday to keep its production unchanged. The cartel ignored calls from President Bush to pump more oil into an ailing economy. Full Article at Austin American-Statesman

Related Topics:

  1. OPEC
  2. George W. Bush
  3. Chakib Khelil

Related Articles

  1. Islamic Republic News Agency logo
    OPEC blames US 'mismanaged' economy for price hike
    21 months ago

    OPEC-Meeting OPEC, rebuffing calls from US President George W. Bush to increase oil output, cited "mismanagement" of the American economy as a major factor driving prices up. Full Article at Islamic Republic News Agency

  2. Houston Chronicle logo
    Oil prices steady at mid-$104, near Wednesday's record
    21 months ago

    SINGAPORE — Oil prices steadied today after rising to a trading record near $105 a barrel after a surprising drop in U.S. crude oil supplies. Full Article at Houston Chronicle

  3. Malaysia Sun logo
    OPEC to maintain current productionBlames U.S. for economic 'mismanagement'
    21 months ago

    VIENNA, Austria – OPEC on Wednesday accused the U.S. of economic “mismanagement” that it said is pushing oil prices to new record highs and rebuffed calls to boost output, laying the... Full Article at Malaysia Sun

  4. The New York Times logo
    Oil Hits Record as OPEC Rebuffs Bush on Output
    21 months ago

    Oil prices moved to a new record on Wednesday after the OPEC cartel decided to keep its production unchanged, ignoring calls from President Bush to pump more oil into an ailing economy. Full Article at The New York Times

View all Related Articles »

Related Quotes

  1. If the prices are high, definitely they are not due to a lack of crude ... They are due to what's happening in the U.S.
    Chakib Khelil – Chakib Khelil SOURCE: Austin American-Statesman 21 months ago
  2. The traders focus on the crude oil drawdown but they did not pay as much attention to the continuing build in gasoline inventories ... Gasoline inventories are way above the five year historical average. It's an indication of a demand slowdown in the U.S.
    SOURCE: Houston Chronicle 21 months ago
  3. Five dollars is an incredible gain ... The overall oil market fundamentals are supportive of strong oil prices but not at this level, above $100. I would expect some profit taking to put a temporary halt to this rather large surge in pricing.
    SOURCE: Houston Chronicle 21 months ago
  4. OPEC is angry that President Bush wants them to increase production while the dollar is sinking and the administration is doing nothing about that
    SOURCE: Islamic Republic News Agency 21 months ago
View all Related Quotes »
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Cast of Characters

  1. OPEC OPEC
  2. George W. Bush George W. Bush
  3. Chakib Khelil Chakib Khelil
  4. John Hall John Hall
  5. ExxonMobil ExxonMobil
  6. Ali al-Naimi Ali al-Naimi