Energy agency warns of 'overheated' oil prices

Oil prices are “overheated” following crude’s recent run to 18-month highs, the International Energy Agency (IEA) warned today.

Energy agency warns of 'overheated' oil prices
Tue, 13 Apr, 2010 - 11:07

Oil prices are “overheated” following crude’s recent run to 18-month highs, the International Energy Agency (IEA) warned today.

Last week oil prices hit $87 a barrel – the dearest since October 2008 - but the IEA said crude costs have run ahead of a fragile economic recovery.

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