Oil prices retreat after hitting record highs

    NEW YORK, April 20 (Xinhua) -- World crude oil prices retreated Thursday as traders took profit, after hitting record highs amid worries of supply in Iran and Nigeria. Full Story>>

Oil price will rocket if US attacks Iran: Chavez

    RIO DE JANEIRO, April 20 (Xinhua) -- The oil price could reach 100 U.S. dollars a barrel if the United States attacked Iran, Venezuelan President Hugo Chavez warned on Thursday. Full Story>>

High oil prices remain a threat to global economy: IMF

    WASHINGTON, April 20 (Xinhua) -- Managing Director of the International Monetary Fund (IMF) Rodrigo Rato warned Thursday that rising oil prices remained a growing threat to the global economy. Full Story>>

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