Archive - Feb 28, 2005

Oil Prices Hold Strong Near $52

Tue Mar 1, 5:16 AM ET Business - Reuters

LONDON (Reuters) - High-flying oil prices held just below recent four-month peaks on Tuesday as cold U.S. weather drove heating oil demand.

U.S. light crude futures shed 9 cents to $51.66 a barrel just below a four-month peak of $52.28 struck on Monday. London Brent crude was down 11 cents at $49.95 a barrel.

Prices held strong as industry analysts predicted on Monday that U.S. distillate supplies fell for the sixth week running last week in the face of frigid weather in the U.S. Northeast.

The U.S. government will release its weekly inventory report on Wednesday. Heating oil supplies are already 7 percent below year-ago levels.

ZAP Displays Next-Generation, Fuel-Efficient Micro-Cars at ValueRich Financial Expo in Palm Beach March 9 -12

SmartCar Offers Affordable, Efficient, Safe Transportation for Environmentally Conscious Consumers

WEST PALM BEACH, Florida - Feb. 28, 2005 - ZAP (OTCBB: ZAAP), a developer of environmentally responsible transportation and advanced fuel technology, is rolling out a colorful array of its unique micro-cars at the ValueRich Small Cap Financial Expo, in West Palm Beach, Fla., March 9-12, at the Palm Beach County Convention Center.