Investors and oil producers are betting that global demand will roar back, apparently hoping that the recession has already hit bottom.
Over the past two months, investors have plowed billions of dollars into oil futures. OPEC renewed their commitment to stick to their agreed quotas, rather than ship extra oil
Weak dollar driving up gas prices
What's causing the surge? Blame the weak dollar and increasing global demand for crude oil, plus speculative trading, experts say. Since oil is bought and sold in dollars, it's cheaper when...
China trade falls amid weak demand, holiday
China's trade suffered its biggest decline in January since the 2008 crisis — a new sign of weak global demand and a slowing domestic economy.
Report: OPEC wants to stay out of Iran-West spat
OPEC's acting president said the producer group should stay out of political battles, Iran's official IRNA news agency reported Sunday, an apparent bid by the bloc to steer clear of a...
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