Middle East Economic Survey
VOL. XLVIII
No 28
11-July-2005
Crude Prices Pulled From New Peaks By London Bombings
Crude oil prices continued their record-breaking run last week, as Tropical Storm Cindy caused shut-ins of production and refining capacity in the Gulf of Mexico and Hurricane Dennis looked set to follow. After intra-day trading and settlements records on 6 July, prices headed even higher in electronic trading on 7 July, with WTI touching $62.10/B and Brent peaking at $60.70/B. The...
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