Middle East Economic Survey
VOL. XLVIII
No 46
14-November-2005
OIL PRICES
Crude Prices Slide On Warm Weather And US Stockbuild
Crude oil prices slid again last week, with WTI becoming established below $60/B as warm weather and large increases in weekly US crude and products inventories published on 9 November outweighed concerns over production and refining constraints in the aftermath of the Gulf of Mexico hurricane season. The move below the psychologically critical $60/B level for WTI marks the...
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