AFP

Bush to tell Saudis of oil price worries: White House

Mon May 5, 1:40 PM

WASHINGTON (AFP) - President George W. Bush will make US concerns about soaring oil prices "very clear" when he visits Saudi Arabia next week, White House spokesman Scott Stanzel said Monday.

"Whenever the president has discussions with leaders in the region, he talks about the impacts that high oil prices do have on our economy and the impact that then that has on the world economy," said Stanzel.

"So I think you can expect the president to make those concerns very clear," the spokesman said.

Bush is due in Saudi Arabia as part of a May 13-18 trip that will also take him to Egypt and Israel.

Stanzel's comments came as oil prices crossed 120 dollars a barrel for the first time in New York Monday following fresh unrest in Nigeria, Africa's largest oil producer, and rising tensions between the West and Iran.

New York's main oil futures contract, light sweet crude for June delivery, briefly hit 120.20 dollars, before slipping back at 1520 GMT to 120 dollars, a gain of 3.68 dollars from the closing price on Friday.

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