LONDON (AFX) – The oil market, unlike global equity, foreign exchange, and gold markets, has yet to fully price in the risk of a war with Iraq, leaving it vulnerable to a sharp spike if conflict becomes imminent, analysts said. While oil is trading just under its highest levels in two years, this reflects tight…
MARKETS: Oil trade has yet to price in Iraq war risk, raising price-spike risks
Posted on February 18, 2003 by EnergyAsia