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Article: Surging oil prices top $50 a barrel

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The Record (Bergen County, NJ)
Article date:
September 29, 2004
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BRAD FOSS, THE ASSOCIATED PRESS
The Record (Bergen County, NJ)
09-29-2004

Surging oil prices top $50 a barrel -- Analysts say costs could keep rising
By BRAD FOSS, THE ASSOCIATED PRESS
Date: 09-29-2004, Wednesday
Section: NEWS
Edtion: All Editions.=.Two Star B. Two Star P. One Star B

Crude oil surpassed $50 a barrel for the first time, and analysts said Tuesday that prices could keep rising because of a sharp increase in global demand, tight supplies, and threats to output in petroleum-producing nations such as Iraq and Nigeria.

Homeowners and energy-intensive industries could feel the sting from high oil prices worsen as seasonal demand picks up this winter, and there is already evidence that ...

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