Oil prices rise on supply concerns

Supply concerns have driven world oil prices upwards in Asia after key producer Venezuela indicated that it could ask OPEC to cut output.

Oil prices rise on supply concerns
Wed, 20 Aug, 2008 - 08:59

Supply concerns have driven world oil prices upwards in Asia after key producer Venezuela indicated that it could ask OPEC to cut output.

US crude rose 56 cents to $115.09 a barrel after jumping $1.66 yesterday.

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