VOL. XLV

No 17

29-April-2002

Political Premium In Oil Prices

By Mehdi Varzi

The following article by Mehdi Varzi was published in the April 2002 report by the London-basedDresdner Kleinwort Wasserstein on Oil Prices Back toGeopolitics. It is reprinted withpermission.

In recent weeks, oilprices have risen largely because of growing concern about the escalatingIsraeli-Palestinian conflict and its implications for the Middle East region. An additional concern involvesthe possibility of a major...