Iraq oilfield threat pushes prices up

Oil prices spiralled towards the $50 mark today as concerns over supplies intensified after violence flared in Iraq.

Fri, 20 Aug, 2004 - 10:37

Oil prices spiralled towards the $50 mark today as concerns over supplies intensified after violence flared in Iraq.

Anxiety mounted among traders after militants in the strife-torn country threatened to set oilfields alight in retaliation for a US assault in the city of Najaf.

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CourtsBusinessOil pricesPlace: IraqPlace: NajafPlace: BasraPlace: Middle EastPlace: ChinaPlace: United StatesPlace: RussiaPlace: VenezuelaPlace: New YorkPlace: UKPerson: Oil MinisterPerson: Thamer al-GhadhbanPerson: James SteelOrganisation: USOrganisation: OPECOrganisation: South Oil CoOrganisation: RefcoOrganisation: British Airways
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