24/7 Wall St. Daily News
The International Energy Agency said Europe could “cope” with a supply shortage brought on by a drop in imports of crude from Iran, but that prices might temporarily reach near the $147 a barrel peak of 2008. The chief of large energy firm Vitol*told the Financial Times that crude could reach and stay at $150. [...]
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
complete story here...