Analysts: $50-a-barrel oil a definite possibilityMarket is absorbing available crude oil; concerns about Yukos, Iraq and terrorist attacks also driving prices Brad Foss Associated Press Business Writer
With oil futures roaring past $44 a barrel amid supply concerns and rapidly rising global demand, analysts say it’s possible prices could reach $50 in the not too distant future.
“Fundamentally, there are some pretty crazy prices that are justified,” said Jamal Qureshi, an oil market analyst at PFC....
[additional news subjects in this story]
Geopolitical uncertainty Saudi soothing ineffective Worldwide demand up sharply
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