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In a staff report, the fund says political complexities and high cost of living could weigh on policy
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Oil prices rise
LONDON - World oil prices rose yesterday, building on gains of almost $2 in the previous session when the US government said crude stocks sank for the sixth straight week last week and distillate fuels barely grew ahead of winter.
Traders also fear Hurricane Ivan may next week strike the Gulf of Mexico, home to about a quarter of US oil and gas production, although the storm’s forecast track is to the east of most energy facilities.
US light crude CLc1 was up 28 cents at $44.89 a barrel, after heavy buying pushed prices up $1.84 on Thursday.
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