Iran Says Oil Prices May Not Cool Down If OPEC Hikes Output: Reports
By Nasdaq
Sat, 17 May 2008 08:56:57 GMT
(RTTNews) - Saturday, Iran said that even if the Organisation of Petroleum Exporting Countries or OPEC raises the oil output, as requested by the United States, such a move would not cool down the soaring oil prices. Oil prices hit a record high of $128 a barrel on Friday. more...
