Middle East Economic Survey
VOL. XLVIII
No 44
31-October-2005
OIL PRICES
Oil Prices Edge Ahead Amid Stronger Implied US Demand Data
Oil prices edged slightly higher last week with front month IPE Brent futures trading a range mostly below the $60/B level as Hurricane Wilma sidestepped most oil and gas installations in the Gulf of Mexico and US oil stock data showed an unexpectedly high stock build for crude. But more significantly, the data indicated stronger implied demand across the board,...
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