Middle East Economic Survey
VOL. XLVIII
No 16
18-April-2005
MEES Agenda
Oil Price Contango A Key Factor In Market Outlook
Crude oil prices reached a new peak in early April on fears of a summer gasoline shortfall and conjecture that a $100/B oil price spike was a possibility, then tumbled on the realization that gasoline stocks were adequate short-term, with some traders even sensing that the bull run was ending. David Knott discovers that products availability rather than crude supply is now the...
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