Middle East Economic Survey

VOL. XLIX

No 12

20-March-2006

OIL PRICES

Crude Prices Volatile On Gasoline Concerns And Continuing Crude Stockbuild

Crude oil prices continued to be skittish last week. Bullish fears of a US gasoline shortage and bearish expectations of a continuing crude stockbuild drove markets at a time when traders were already braced for further supply disruptions over the Iranian nuclear standoff and Nigerias continuing unrest. On 13 and 14 March crude futures were boosted by a...