Middle East Economic Survey
VOL. XLVIII
No 31
1-August-2005
Crude Prices Hold Steady Around Mixed Stocks Data Then Rise On Supply Outages
Crude oil prices held steady early last week after a period of turbulent trading. Prices were initially supported by Chinas currency revaluation, which it was thought could revive crude imports, and short-covering in case tropical storms Gert and Franklin added to the impact of earlier hurricanes which disrupted offshore oil production and refining on the Gulf...
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