VOL. XLVI
No 11
17-March-2003
OIL PRICES
Oil Prices Slide As UN Wrangling And Warmer Weather Spark Profit-Taking
Oil prices slid by nearly $2/B over the past week as ongoing wrangling between UN Security Council members over a second resolution on Iraq and forecasts of warmer weather in key US heating oil demand areas triggered a bout of profit-taking. Market sources suggested that US statements on 13 March that diplomacy would be given additional time combined with reports that Iraq was preparing...
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