VOL XXXI

NO. 6

16-NOVEMBER-1987

MARKET OUTLOOK CLOUDED BY DISTRESS CRUDE OFFERINGS

Despite a relative stability last week in the spot prices of consumer-locatedyardstick crudes such as WTI and Brent, it is clear that a state of considerableunease has gripped the crude oil market under the impact of a wave of MiddleEast supplies en route for Northwest European and Mediterranean destinations.

The principal depressing influence on the market undoubtedly emanates fromthe continuing stream of...