LONDON, 12 August 2004 — World oil prices gave up initial gains to slide in volatile trading yesterday after Saudi Arabia said it was ready to “immediately” increase oil output by 1.3 million barrels
LONDON, 12 August 2004 — The dollar drifted higher yesterday as markets took heart from the Federal Reserve’s upbeat assessment of the US economy. The single European currency stood at 1.2212
The week has been turbulent and volatile as far as crude prices are concerned. Prices have been registering new peaks. There have been talks of $50 a barrel and truly speaking, in the current scenario,
