Oil Prices Rise Due to Worries About Cold Weather, Demand

Deseret News (Salt Lake City) › November 17, 2005

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Summary

WASHINGTON (AP) -- Oil prices rose Wednesday on concerns a blast of cold weather would drive up demand for home-heating fuels and on signs gasoline demand is rebounding as the cost at the pump drops.

The U.S. government released data that showed gasoline demand over the past four weeks was up slightly compared with a year ago, reversing a trend whereby high prices appeared to be damping motor- fuel consumption.

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Oil Prices Rise Due to Worries About Cold Weather, Demand

Also supporting the market, brokers said, ...

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