Middle East Economic Survey
VOL. XLVIII
No 6
07-February-2005
Market Tensions Ease After OPEC Meeting And Iraq Elections
Crude oil prices eased last week, after OPEC ministers agreed on a widely-anticipated rollover of production quotas, and after Iraqi elections on the same day, 30 January, passed without attacks on oil installations. An initial fall in crude prices on 31 January was turned around near close of trading after news agencies picked up on a MEES report which warned that OPEC might...
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