VOL. XLVI
No 21
26-May-2003
OIL PRICES/OPEC
Crude Prices Show Reaction To UN Resolution On Iraq
Crude oil prices held relatively steady last week until the UN agreed on 22 May to lift sanctions on Iraq, paving the way for an eventual resumption of exports. While the agreement is not expected to lead to a quick return of full Iraqi supplies, the fall in prices reflected an adjustment of traders market outlook. Earlier, traders had kept an eye on potential supply-side problems, while weekly US...
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