21. A UN committee must approve each Iraqi oil sale contract and each purchase made with oil revenue. 22. All contracts to buy Iraqi oil will have to be submitted to a U.N. panel for approval. 23. Brent crude oil futures fell on concern Iraqi oil exports over the next three months will drive prices lower. 24. Brazil saved on sparse foreign reserves by paying for Iraqi oil with goods and services. 25. Buyers of Iraqi oil and the Iraqi government would have to notify the U.N. Secretariat, not the Security Council, of each sale. 26. China intends to be signing up Iraqi oil, too. 27. Crude oil could fall next week if the United Nations approves an Iraqi humanitarian aid distribution plan, paving the way for a resumption of limited Iraqi oil exports. 28. Crude oil prices also rose, as mounting tensions between Iraq and the United Nations increased the likelihood that Iraqi oil exports will be halted. 29. Crude oil rose after Iraq said it will expel four U.S. members of the United Nations weapons inspection team, a move that could jeopardize Iraqi oil exports. 30. Crude oil fell on expectations the arrival in the weeks ahead of Iraqi oil exports will add supply to the market. |