VOL. XXXII

NO. 29

24-APRIL-1989

ACCIDENT-FUELED OIL PRICE BONANZA SHOULD NOT OBSCURE SHAKY MARKETFUNDAMENTALS

Amid the plethora of production accidents, mishaps and speculative sentimentwhich has been fueling the current oil price bonanza - for one giddy moment onThursday (the last day of the May contract) the price of May WTI climbed over$25/B - it would be well to keep a cool head and remember that the prevailingfundamentals of supply and demand, although in themselves by no means altogether...