VOL. XLVI
No 47
24-November-2003
OPEC
OIL PRICES
Crude Prices Driven Higher By Market Uncertainty
Benchmark crude prices reached their highest level on 18 November since the run-up to the US-led invasion of Iraq in mid-March, with uncertainty on a number of issues rather than fundamentals driving the markets. Spreading anti-Coalition violence inside and outside Iraq and heightened US rhetoric over Irans nuclear program are providing a high background level of uncertainty for oil markets. Behind the...
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