VOL. XLVI

No 1

6-January-2003

OPEC/OIL PRICES

Crude Price Rise Checked Temporarily By Reports Of OPEC Willingness To Increase Output

Rising crude oil prices were checked early last week after OPEC officials indicated that the organizations member states would increase output if Venezuelas oil workers strike continued, or if the US led a war against Iraq in 1Q03, as is widely anticipated. Concerns over Venezuela and Iraq have pushed crude prices sharply higher over the last few weeks, with both...