Prices edge up again

July 2006
MEED: Middle East Economic Digest;7/7/2006, Vol. 50 Issue 27, p14
The article reports that oil prices rose slightly in the first week of July 2006, on further global tension with Iran, an unexpected signal of military defiance from North Korea and a gasoline stock fall ahead of the U.S. Independence Day holiday. But the previous week's data, which unexpectedly showed a 0.5 per cent fall in gasoline stocks to 212.4 million barrels, combined with the prospect of millions of Americans taking to the cars to enjoy the break was enough to worry traders.


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