OGJ NEWSLETTER

Oil prices remain volatile in response to events in the Middle East (see stories, pp. 23-26, and 28-30). After falling from a high of almost $27/bbl seen immediately after the invasion, Brent last week rebounded to $26.20/bbl only to fall again to $25.20/bbl at Aug. 16 closing once the implications of the Iran/Iraq peace initiative had been absorbed. Dubai also seesawed to regain the $23.50/bbl peak of the previous week before falling back to $$22.60/bbl.

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