VOL. XLIII

No. 49

4-December-2000

OPEC

Crude Prices Fall Despite Iraqi Supply Disruption

Crude oil prices fell last week despite the stoppage of Iraqi exports as of midnight 30 November, as if players have suddenly recognized that there is plenty of crude available and that stocks are building as anticipated. The latest threat to Iraqi supplies has been in the headlines for weeks and on 27 November this now-familiar concern led to prices hovering at a high level: in London January delivery Brent...