Oil Maintains Record Prices but Venezuelan Vote Eases Pressures;Chavez Ballot Is Small Comfort As Political Fears Continue
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Summary
OIL prices teetered around new record highs for much of yesterday before easing amid positive news from Venezuela, the world's fifth- largest oil exporter.
A number of issues have led to concerns about the vulnerability of overstretched global supplies. However, a positive outcome in a referendum for Venezuelan president Hugo Chavez soothed immediate fears, helping oil prices to retreat from new overnight highs on Sunday.See the full content of this document
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Oil Maintains Record Prices but Venezuelan Vote Eases Pressures;Chavez Ballot Is Small Comfort As Political Fears Continue
By late trading yesterday, September crude futures for IPE Brent were at $43.80, down from an earlier all-time high of $44.11.
In Ne...See the full content of this document
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