Iraqi oil exports muddle along

[dArKeR]

CHAOS AND MAYHEM: Oil prices worldwide surged, while in Iraq the oil ministry struggled to overcome sabotage, smuggling and an overall lack of infrastructure

Oil prices rebounded Fri-day in a technical correction after several days of losses triggered by easing concerns about US crude oil inventories, traders said.

New York's benchmark light sweet crude contract for delivery in December advanced US$0.64 to US$29.11 a barrel. Brent North Sea crude oil for December rose US$0.60 to US$27.70.

"It was technical buying, there was no news," said Fimat USA market analyst John Kilduff.

Prices had sustained a loss of over four percent through the week, hit by Wednesday's figures showing US crude stocks had risen for the third week in a row

http://www.taipeitimes.com/News/biz/archives/2003/11/02/2003074325

[JNelson6563]

1. I think this winter

is going to be very expensive for gasoline and natural gas. This winter is going to cost Jr. some votes.

Julie