Oil prices close at a 14-year high
Article Abstract:
The decreasing gasoline supplies and growing demand, the price of light crude oil for delivery in April 2004 has rise to $38.35 a barrel in trading on the New York Mercantile Exchange, an increase of 87 cents. The Energy Information Administration reported a decline of gasoline stocks by 800,000 barrels to 199.6 million barrels in March 2004, falling below 200 million barrels for the first time since November 2003.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
Bush rejects drawing oil from reserve
Article Abstract:
The call to ease high gasoline prices by drawing oil from the nation's petroleum reserve was disapproved by Bush as that would leave the US vulnerable at the time of war. Bush feels that emptying the Strategic Petroleum Reserve can create a critical situation for America as the petroleum reserve serves as major disruptions of energy supplies to the US.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Pa. is set to sell access to data on its residents. Lender's continuing SEC woes. Refinance tide still flooding industry
- Abstracts: Pilgrim faces 2d sale in 3 years. Battered old stalwart will stay the course. Teachers' fund in Vanguard turf
- Abstracts: Pilgrim faces 2d sale in 3 years. PhilEx to seek some answers to merger questions. Pa. to end 20-year control of insurer
- Abstracts: U.S. airlines doing whatever it takes to cut this year's soaring fuel costs. Fuel prices, low fares crush airlines' hopes
- Abstracts: Oil-price, consumer-confidence data restrain stocks. Drivers are still willing to pay more to go the extra miles