|
 |
MARCH 3, 2000, VOLUME 26 NUMBER 8
Monitor
Waking Up to a Crude Reality
Like a rude roustabout skulking outside the developed world's big economic bash, crude oil just might crash the e-party. Costs started rising last February when OPEC cut production to reverse a drop in prices. Since then, oil has soared from about $10 to more than $25 a barrel, a nine-year high. Some Good Time Charlies point out that economic growth hasn't slowed and prices have peaked at the end of the industrialized world's winter. Others take a more sober approach. OPEC next meets on March 27.
Source: Primark Datastream
This edition's table of contents | Asiaweek home
|
