VOL. XXX

NO. 22

9-MARCH-1987

BUYER/SELLER PRICE CONFRONTATION SHARPENS DESPITE MUCH IMPROVEMENT

The past week has witnessed significant, but by no means decisive, pricerecovery in the oil market. The spot price for North Sea Brent ended up ataround $17.55/B at the London close on Friday 6 March - an increase of some$1.35/B over the previous week's close - amid a generally much more bullishatmosphere among traders and analysts regarding OPEC's determination and abilityto hold the $18/B official...