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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: RealMuLan who wrote (11792)9/14/2004 3:19:34 PM
From: mishedlo  Respond to of 116555
 
Oil market over-supplied by 3 mln bpd - Iran UPDATE
Tuesday, September 14, 2004 7:15:09 PM
(Updating with further comment)
VIENNA (AFX) - The oil market is over-supplied by 3 mln barrels per day, Iranian Oil Minister Bijan Namdar Zangeneh said on the eve of an OPEC meeting

The record spike in oil prices is due largely to political tensions and unrest, especially in the Middle East, Zangeneh told Agence France-Presse