Middle East Economic Survey
VOL. XLVII
No 25
21-June-2004
OIL PRICES
Crude Prices Continue Rangebound Despite Iraqi Pipeline Blasts
Crude oil prices continued rangebound below $40/B for WTI last week, despite explosions on both Iraqs northern and southern crude export pipelines that shut in exports which have recently been running at around 1.8mn b/d. Crude prices held steady, with traders expecting disruption to present no major problems because of the amount of Middle East oil on the water after...
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