VOL. XXXI
NO. 21
29-FEBRUARY-1988
LAST WEEK'S MARKET DROP LOOKS LIKE OVERREACTION
Market watchers remain rather mystified about the underlying causes of thebig drop in crude oil prices over the past week, when spot values crashed bynearly $1/B - with the biggest fall of 50-60 cents taking place on Thursday 25February. This left WTI at below $16/B, April Brent at around $15/B, withMarch/dated cargoes 40 cents below that, and Dubai at $14.10-14.20/B.
Given the current spot terms for various OPEC...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!