Sun, Sep 04, 2005 - Page 10 News List

Oil industry limps back to life

HURRICANE AFTERMATH As US fuel prices jumped to a record average US$2.867 a gallon, 30 states announced an investigation into `price gouging' by filling stations

AFP , WASHINGTON

"I'd be surprised if the [market] bullishness resumes," O'Grady said after the United States and its partners in the IEA announced their intervention.

"I think you'll see a demand response [from customers]. Some people will change their habits," he said.

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