Oil trading is volatile, and currently the price is below $29, down $1.17 from yesterday’s close. Interesting in light of the alleged fires around Basra.
March 20, 2003
No Surprise There
Oil fires in Southern Iraq, near Basra. Massing of ground troops, one hopes with one of their objectives being to extinguish those fires before they cause serious environmental and economic harm. Delayed quotes on oil markets don’t show any effect yet from that information. Iraqi officials deny the reports, according to Reuters. OK, now I’m …