Middle East Economic Survey
VOL. XLVIII
No 11
14-March-2005
Crude Prices Pushed To New Records By Cold Weather, Strong Demand
Brent and OPEC Basket crude prices reached new heights last week, while WTI neared its record level against a background of sustained cold weather in the key demand regions of the northern hemisphere and upwards revisions to demand forecasts for 2005. The price surge came despite reports that Saudi Arabia would carry March supply volumes over into April and weekly US data...
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