SHANGHAI (AFX-ASIA) – China’s oil stocks have been trading higher over the past week as mounting fears of a US-led war against Iraq drove international oil prices to a 28-month high, analysts said. “Investors are still betting on the possible positive impact of the tensions in Iraq on oil producers’ sales revenue,” an oil analyst…
CHINA: Oil stocks sharply higher on Iraq factor
Posted on February 20, 2003 by EnergyAsia