Middle East Economic Survey
VOL. XLVIII
No 14
4-April-2005
Crude Price Fall Halted By US Gasoline Tightness
Crude oil prices early last week resumed their descent from all-time highs set in mid-March, as the availability of plentiful crude supplies was confirmed by weekly US inventories data published on 30 March. The data showed a larger than expected rise in crude stocks, and was the seventh weekly crude stockbuild in a row. This appeared to have convinced investors that crude supplies are not...
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