USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

183

Cheney To Discuss Oil Crisis With Saudi Arabia

U.S. Vice President Dick Cheney is likely to meet with Saudi King Abdullah on Friday to talk on...

Cheney To Discuss Oil Crisis With Saudi Arabia

U.S. Vice President Dick Cheney is likely to meet with Saudi King Abdullah on Friday to talk on the record oil prices and the ways to control the situation.

However, the themes of the talks were not revealed, and it's unclear if Cheney will ask the Saudis to boost oil production.

US light, sweet May futures fell 70 cents to settle at $101.84 a barrel on the NYMEX Thursday after sliding to as low as $98.65 earlier.

In January the OPEC members already ignored President Bush's request to increase supplies so that gas prices, which are up over $3 a gallon, could fall.

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