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.

Forecasts, trends, outlooks, Pennsylvania, Forecasts and trends, Market trend/market analysis, Commodity futures

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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.

United States, Government domestic functions, Energy policy, Bush, George W., Protection and preservation, Petroleum, Petroleum reserves

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