(INFRALINE) — The international oil market has shown some encouraging trends over the past week. Crude prices are down, and production from Iraq has risen. The OPEC basket price slipped to less than $28/bbl during the week, and stayed down. Prices for benchmark crudes are at a 2-month low. However, there are still some potential…
MARKETS: Oil prices likely to stay down as Iraq steps up production
Posted on September 18, 2003 by EnergyAsia