VOL. XLVI

No 6

10-February-2003

OPEC

Product Stocks Join Iraq Uncertainty As A Crude Market Driver

US oil products inventories fell sharply for the second week in a row, with concerns over low inventory levels becoming as important an influence on crude oil prices as the continuing uncertainty over US plans to attack Iraq. Prices declined early last week and then rose as traders waited for US Secretary of State Colin Powell to provide evidence of Iraqi hiding of weapons and of links to al-Qa'ida,...