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Iraq uncertainty, low US stocks hold up market

Market Review

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Pradeep Puri New Delhi
Last Updated : Jan 28 2013 | 2:05 AM IST
 While international oil prices continued to rule steady during the past week, two factors have kept oil prices from falling in global markets.

 There has delay in resumption of post-war Iraqi oil output because of looting and sabotage of oil facilities. Concern about US crude oil inventories which stand more than 11 per cent below year-earlier levels also pushed up prices.

 However, the market has taken into consideration the US claim made late on Tuesday that Saddam Hussein

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First Published: Jul 24 2003 | 12:00 AM IST

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