VOL. XLV
No 29
22-July-2002
OPEC
Politics And MidwestUS Stock Concerns Keep Crude PricesStrong
Prices last week werebuoyed by the recent International Energy Agency (IEA) report predicting ademand rebound in 2003, by growing expectation that President George W Bushwill order military strikes against Iraq,by renewed violence between Palestineand Israel,and by a decline in UScrude inventories. The continuing dispute between the UN and Baghdadwas a factor, too, with Iraqi crude exports to the US...
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