VOL. XLVII
No 17
26-April-2004
OIL PRICES
Crude Prices Ease On US Stockbuild
Benchmark crude prices remained high last week, underpinned by the potential for heightened Middle East hostilities to lead to supply interruptions, and by the continuing squeeze in the US on gasoline. Weekly average gasoline prices reached another new peak at $1.81/gallon, supporting WTI prices because refiners are running higher than normal volumes of light sweet crude in order to meet tighter motor fuel specifications....
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