VOL. XLVI

No 13

31-March-2003

OIL PRICES/OPEC/IRAQ/NIGERIA

Iraq And Nigeria Problems Lift Crude Prices After Slide

Traders were headline-driven last week, with news of setbacks in the US-led invasion of Iraq and major production shut-ins in the Niger Delta pulling crude prices out of the steep dive they entered when the war began (MEES, 24 March). Crude prices rose once more last week as a number of announcements of military success were subsequently modified, and army leaders raised the specter...