Middle East Economic Survey
VOL. XLVII
No 27
05-July-2004
Crude Prices End Higher On US Stocks, Naimi Comments
Crude prices ended the week higher despite a sharp fall early last week, as the US handed over sovereignty in Iraq to an interim government, two days earlier than the official handover date. The price fall had begun on 25 June, when the Norwegian government intervened to end an offshore workers strike, but gathered momentum on 28 and 29 June as traders adjusted to news from Baghdad. The...
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