Oil prices slipped below US$30/barrel in late October as traders appear to shrug off the effects of growing instability in post-Saddam Iraq. Several organised bomb and rocket attacks in Baghdad killed scores of people including American soldiers, underlining the growing resistance to the US occupation of Iraq. Ignoring Iraq, traders have pushed West Texas Intermediate…
MARKETS: Oil Prices Dipped Below US$30, But Remain Well Supported
Posted on October 30, 2003 by EnergyAsia