Middle East Economic Survey
VOL. XLVIII
No 42
17-October-2005
Crude Prices Rise And Fall On Contrasting Demand Data
Crude oil prices firmed early last week after the latest monthly forecasts from the IEA and the EIA provided stronger oil demand growth projections than the market had anticipated. On 11 October the IEA predicted that worldwide demand would rise by 1.26mn b/d in 2005 and 1.75mn b/d in 2006, while the following day the EIA forecast demand growth of 1.2mn b/d in 2005 and 1.9mn b/d in...
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