Crude market.(Brief Article)(Industry Overview)(Statistical Data Included)

Iraqi supply fears fail to inspire Urals

* The UN has rejected Iraq's proposed official crude selling price for December as too low, but the threat of losing over 2mn b/d of Iraqi crude had little impact on outright prices. World markets remain driven by product demand in the US, which is unlikely to feel the physical impact of any interruption in Iraqi crude supplies until the end of January. at the earliest.

* On the Mediterranean market, Urals slid by 71 [cts.]/bl in outright terms, while northwest European prices shed just over $1/bl. Urals buyers held back, with many having already covered early-December requirements. But traders continued to predict …