VOL. XLV

No 49

9-December-2002

OIL PRICES

Crude Prices Edge Higher As Venezuela Strike Hits Exports

Oil prices edged slightly higher last week, with the Venezuelan general strike and continued uncertainty surrounding the potential for conflict between the US and Iraq driving sentiment. During the week, UN weapons inspections continued and yet the US remained skeptical about Baghdads intention to declare fully its weapons of mass destruction by the 8 December deadline. Meanwhile, the general...