VOL. XLVII

No 20

17-May-2004

Crude Oil Formulas/Posted Prices ($/B)

Iraq (+/- Adjustment Factor; $/B)

...

2004

Jun

May

Apr

Mar

Feb

Jan

US

Basrah Light (WTI 2nd Month)

-6.70

-6.70

-6.50

-6.10

-4.95

-4.90

Europe

Basrah Light (Dated Brent)

-5.05

-4.55

-4.30

-4.25

-4.25

-3.05

Far East