Flagging of its interest in the black gold this week, China National Oil Corporation secured its place in Iraq. Together with BP, it signed the first big oil deal. Why the sudden interest in oil? Analysts maintain that China’s rapid industrialisation and hunger for more cars has lead to a serious thirst for oil, [...]
Crude Investing News reports oil prices reached a one year high with energy moving in an upward trend. Oil prices soared to a fresh one-year high near $76 a barrel Thursday in Asia on a weaker US dollar and growing investor optimism about an economic recovery. Benchmark crude for November delivery was up 72 cents [...]
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