Middle East Economic Survey

VOL. XLVIII

No 18

2-May-2005

Crude Prices Tumble On Producers Supply Reassurances And US Stocks DataCrude oil prices tumbled last week after the previous weeks earlier surge caused by unplanned outages at US refineries. While traders remained concerned about potential disruptions to US gasoline output with the approach of the summer driving season, producers reassured markets that crude supplies were adequate, while weekly US stocks data published on 27 April showed...