Moneycontrol.com | Demand-supply balance may keep crude oil range-bound in the short term Moneycontrol.com Ravindra Rao. Crude oil prices declined sharply this week as the IEA (International Energy Agency) appealed to OPEC (Organisation of Petroleum Exporting Countries) to boost production as high prices are hurting the global economy. Earlier, there were ... Uncaged bears see oil prices make fast retreat 'Expensive Energy Is Back:' Why the World Should Prepare for Higher Prices Even Though There's Plenty of Oil Oil Bulls and Perpetual Surpluses Don't Mix |