91.   Oil stocks on the other hand remained in buoyant form after oil prices rose to three-week highs on Monday on concern about possible reductions in Iraqi exports.

92.   Oil analyst Peter Gignoux at US investment bank Smith Barney said the imminent resumption of Iraqi crude exports was unlikely to weigh on the oil market.

93.   Oil experts played down the impact of the resumption of Iraqi exports.

94.   Oil prices had been pressured earlier in the week after OPEC officials indicated the cartel could hike output in the event of disruption to Iraqi exports.

95.   Some Gulf sources said Iraqi exports might not reach any substantial proportions until the fourth quarter, despite upbeat remarks by the Iraqi minister.