Middle East Economic Survey

VOL. XLIX

No 4

23-January-2006

OIL PRICES

Crude Prices Buoyed By Supply Threat From Iran And Nigeria

Crude oil prices rose last week, buoyed by concerns over potential sanctions against Iran over its nuclear program and escalating attacks on oil installations in Nigeria. Last week the EU reacted to Irans earlier decision to resume nuclear R&D by drafting a proposal to report Iran to the UN Security Council at an emergency IAEA board meeting scheduled for 2 February....