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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Techplayer who wrote (32787)	3/17/2003 11:42:33 AM
From: Techplayer	Respond to of 57110

EU Commission plots oil impact Report says oil could spike $70 a barrel in 'worst-case' By Emily Church, CBS.MarketWatch.com Last Update: 11:38 AM ET March 17, 2003 LONDON (CBS.MW) -- The European Commission on Monday warned that oil prices could spike up to as much as $70 a barrel if a war in Iraq were longer than expected and the conflict disrupted oil distribution. In its worst-case scenario, the Commission's Directorate General for Economic and Financial Affairs forecast that oil prices could average above $50 a barrel in the second and third quarters of 2003.