Posted AT 3:29 PM EDT on 23/06/05
Crude oil touches $60
Oil prices rose to a record high Thursday, touching the psychologically significant $60 (U.S.) a barrel level after Federal Reserve Chairman Alan Greenspan warned against starting a trade war with China, advice that would ensure continued strong demand for crude.
“I think that was a signal for most oil traders to buy into the market,” said Phil Flynn, a senior analyst at Alaron Trading Corp. in Chicago.
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| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
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