VOL. XLVI
No 46
17-November-2003
OPEC
OIL PRICES
Crude Prices Rise On Middle East Tension And Bullish Demand Outlook
Crude oil prices strengthened last week after bombings in Saudi Arabia and in Iraq raised traders concerns of potential supply disruptions from the Middle East. Although the market reaction was muted, the heightening tension in Saudi Arabia along with growing anti-Coalition activity in Iraq is now a significant factor underpinning prices at a time when commercial inventories are low...
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