Here’s another reason not to invade Iraq: oil. As talks intensify about a US military attack on Iraq, oil prices briefly broke through the US$35/barrel barrier late last month, and could rise further in the coming weeks. Former Saudi Oil Minister Sheikh Ahmed Zaki Yamani has warned of crude prices hitting US$100 a barrel if…
MARKETS: Oil Breaks US$35/Barrel, Heads For New Highs As War Fears Dominate
Posted on January 28, 2003 by EnergyAsia