The oil markets remain well supported at US$30/barrel after yesterday’s breather to follow through on last week’s sharp rally. Prices could rise further as traders remain nervous about possible supply disruptions as was seen by last week’s rally on news of fresh attacks on Iraq’s oil pipelines and weather disturbances in the US Gulf. Last…
MARKETS: Oil takes breather, but stay supported at US$30/barrel
Posted on August 5, 2003 by EnergyAsia