Oil prices high amid future supply fears

OIL prices have traded at over $62 per barrel close to historic highs over the past 24 hours as fears for future oil supplies intensified.

Oil prices high amid future supply fears
Fri, 05 Aug, 2005 - 01:00
Brian O’Mahony Chief Business Correspondent

This followed the death of King Fahd of Saudi Arabia after a 23-year reign.

Saudi Arabia is the biggest supplier of fuel to the US and controls the largest share of the world’s oil reserves.

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