Oil prices rise further

19 May 2003
Oil prices rose further on 19 May, as Iraqi production targets were put back again, and the impact of the bombings in Riyadh and Casablanca continued to be felt. US-appointed Iraqi oil chief executive, Thamir Ghadhban, told Reuters that continued security problems meant that restoration of output to 1.3 million barrels a day (b/d) was now unlikely before mid-July.

Oil prices at 1500 GMT on 19 May stood at:

Brent: $27.25

Dubai: $25.27

WTI: $29.36

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