Oil Prices Will Remain High Until Further Notice

Oil Prices Will Remain High Until Further Notice
Doha, Qatar - The ministerial conference for the dialogue between producers and consumers was held in Doha last week in light of record oil prices. The deduction that can be drawn here is that the oil prices will remain high in the foreseeable future for two main reasons: The first is that the balance of supply and demand will remain accurate in the coming years.

Crude-oil prices rise above US$73 a barrel on persistent Iran concerns
NEW YORK (AP) - Crude oil prices rose above $73 US a barrel Monday on supply concerns arising from Iran's defiance of a UN Security Council deadline to stop enriching uranium.

Oil Prices Rise Above $73 on Iran Concerns
Crude oil prices rose above $73 a barrel Monday on supply concerns after Iran defied a U.N. Security Council deadline to stop enriching uranium. Also lifting energy prices Monday were refinery outages in Italy and California, and violence in Nigeria, the fifth-largest source of U.S. oil imports.

Defiance, disruption squeeze oil higher
Crude oil prices rose above $73 a barrel Monday on supply concerns after Iran defied a U.N. Security Council deadline to stop enriching uranium. Also lifting energy prices were refinery outages in Italy and California, and violence in Nigeria, the fifth-largest source of U.S. oil imports.

Canadian Stocks Rise for Second Day on Higher Gold, Oil Prices
May 1 (Bloomberg) -- Canadian stocks rose a second day, led by oil and raw-materials companies including Suncor Energy Inc. and Goldcorp Inc., as crude and bullion prices climbed.

Oil jumps 2 percent on Iran
Oil prices jumped 2 percent on Monday to top $73 a barrel on concerns that supplies could take a hit from Iran's defiant pursuit of its nuclear program and violence in Nigeria.