Middle East Economic Survey
VOL. XLVIII
No 36
5-September-2005
Oil Prices Hikes In Perspective
The following is a chapter in the Trade And Development Report, 2005 published by the United Nations Conference On Trade And Development (UNCTAD) on 7 September.
After the relatively low prices seen in the first half of the 1990s, when the price of crude petroleum rarely exceeded $20/B, the price of oil began to rise in 1999 and culminated at $60/B in mid-2005. This surge in oil prices worries governments...
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