VOL. XLV

No 47

25-November-2002

IRAQ

Crude Prices Boosted By US-Iraq Tension And OPEC Supply Caution

Crude prices rose last week on the back of persistent US threats against the Iraqi regime. Although Baghdad has pledged to produce a full catalogue of Iraqs arsenals by 8 December, US President George W Bush insisted that President Saddam Husain would be lying if Iraqi officials claimed to have no weapons of mass destruction, and would invite the severest of consequences. This resulted in a...