Oil prices likely to drift until second half of the year, energy watchdog saysInternational Energy Agency statistics suggest Russia not cooperating with OPEC’s strategy to squeeze crude oil supplies by The Associated Press Business Writer
Soft demand and a mild winter in major oil markets have offset the impact of cuts in crude production and kept prices for oil and refined products from rising, a respected survey said Feb. 8.
Due to conflicting market forces, pressure for a substantial increase in crude prices probably won’t build....
[additional news subjects in this story]
Prices firmed up somewhat OPEC members above quotas Some non-OPEC production up
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