It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

BUSINESS: Oil prices fall on Iraq handover

page: 1
0

log in

join
share:
Zion Mainframe

posted on Jun, 28 2004 @ 04:14 PM
link   
The price of oil fell sharply on Monday, as traders appeared to view the transfer of political power in Iraq as a step that could help reduce attacks against the country's oil infrastructure. Light crude for August delivery traded at $36.31 per barrel in midafternoon trading on the New York Mercantile Exchange, down $1.24, or 3.3 percent.
 


BBC

Oil prices hit a record $42 a barrel in May, driven by strong global demand, supply bottlenecks and fears about continuing violence and unrest in Iraq.

Instability in both Iraq and Saudi Arabia, the world's biggest oil exporter, has fuelled oil price rises in the last couple of months.

The head of Iraq's State Oil Marketing Organisation said on Monday that exports from the country's two southern ports were now close to two million barrels a day (bpd).

Iraq's oil infrastructure has been repeatedly targeted by insurgents, holding oil production well below a pre-war capacity of 2.2 million bpd.


Please visit the link provided for the complete story.


ThePrankMonkey

posted on Jun, 28 2004 @ 04:24 PM
link   
almost a buck and a quarter? nice!!!!

i'm still waiting for hydrogen though...

and its good to see some positive things happening for a change.



new topics
 
0

log in

join


The Above Top Secret Web site is a wholly owned social content community of AboveTopSecret.com.

This content community relies on user-generated content from our member contributors. The opinions of our members are not those of site ownership who maintains strict editorial agnosticism and simply provides a collaborative venue for free expression.

All content copyright 2024, AboveTopSecret.com