No 6



1991 Gulf War Oil Price Pattern Of Limited Use In Predicting Iraq War Effects

The study of the pattern of oil prices before, during and after the 1991 Gulf war is of limited use in trying to assess the possible effects on prices of a conflict in Iraq, according to OECD Economic Outlook No 72, published in December 2002. The price of Brent crude has fluctuated considerably since last spring, the report says, against the background of heightened geopolitical...