Tuesday, February 23, 2010

Chu Meets With Saudis, Suggests Role of Speculation in Oil Prices

Energy Secretary Steven Chu is talking about oil prices on his visit to the Middle East.

Chu met Monday with Saudi King Abdullah and Oil Minister Ali-al Naimi, the first of three meetings this week with with OPEC oil ministers. Later, he spoke about volatility in oil markets, saying it is a bigger concern to the United States than the overall price of oil. He also said he...

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