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Steep increase in oil prices as gulf crisis lingers on

  • Economic Trends
  • Published:
Intereconomics

Abstract

Following a brief interruption, the recovery in world commodity prices witnessed during the first months of the year has continued. Crude oil prices reached their highest level for 16 months. The increase in prices for industrial raw materials that began early this year, however, came to a complete standstill. With the world economy recovering more slowly, can commodity prices be expected to fall again?

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References

  1. Cf. IEA Oil Market Report, September 2002.

  2. Cf. IEA, op. cit. Oil Market Report, September 2002.

  3. Cf. European Commission, Directorate-General for Energy and Transport: The internal energy market: improving the security of energy supplies, Memo, Brussels, September 2002, p. 3.

  4. Quoted by Daniel Dombey: Brussels seeks more control of oil stocks, in: Financial Times, September 5, 2002.

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Authors and Affiliations

  1. Department of International Macroeconomics, Hamburg Institute of International Economics (HWWA), Germany

    Klaus Matthies

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  1. Klaus Matthies
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Matthies, K. Steep increase in oil prices as gulf crisis lingers on. Intereconomics 37, 276–280 (2002). https://doi.org/10.1007/BF02928887

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  • DOI: https://doi.org/10.1007/BF02928887

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