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Conflicting pressures keep prices high. (Oil & Gas).

Publication: Meed Middle East Economic Digest
Publication Date: 21-FEB-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
The twin supply concerns of Venezuela and Iraq, combined with US crude stocks falling to their lowest level for 25 years in mid-February, have Continued to support high oil prices, though there was some softening from the two-year highs reached in early February.

Brent crude futures stood at $32.99 on 18 February, down from $35.40 a week earlier. The marginal fall...

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