Thursday, February 7, 2008

Oil rises $1 on colder weather forecasts (Reuters)



Demonstrators stand with posters to support Vasily Alexanian, a former executive at the Yukos oil firm, in central Moscow February 6, 2008. A Russian court on Wednesday refused to release on bail the jailed oil industry executive with HIV-AIDS who says he needs urgent medical treatment at a specialist hospital. The poster on the right reads, 'Free Vasily Alexanian'. REUTERS/Sergei Karpukhin (RUSSIA)Reuters - Oil rose $1 to over $88 a barrel on
Thursday as forecasts for colder weather in the giant U.S.
Northeast heating oil market overcame worries over the economic
health of the world's top consumer.




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