Analysts foresee steep drop in oil prices if war in Iraq ends quicklyBut if war spills into neighboring countries, or if Saddam Hussein sabotages his own oil fields, panic in markets could kick prices to $50 or $60 a barrel Bruce Stanley Associated Press Business Writer
If U.S.-led forces invade Iraq, world oil prices will probably plunge from current levels and stay there — so long as the conflict ends quickly and causes little damage to production capacity in the Persian Gulf, several energy analysts said March 14.
However, a war that spills into neighboring cou....
[additional news subjects in this story]
Large shipment to United States Price drop could be rapid OPEC could increase production
You must be logged in to view this story. Please either log in or subscribe.
Click here to subscribe to Petroleum News for as low as $89 per year.
Subscribers log in here to read the entire newspaper (1998 to 08/18/2021)
|
Petroleum News - Phone: 1-907 522-9469
[email protected] --- https://www.petroleumnews.com ---
S U B S C R I B E
| 