Oil prices remain on course to test US$40/barrel despite assurances of higher output from crude producers and threats to release stockpiles by consuming countries in the event that the US begins attacking Iraq. The upward creep that had taken crude to the brink of US$40/barrel was abruptly halted late last month by reports that Iraq…
MARKETS: Crude May Set New High After Nearing US$40/Barrel
Posted on March 3, 2003 by EnergyAsia