VOL. XLVII
No 21
24-May-2004
Crude Prices Remain High As OPEC Producers Move To Raise Supply Volumes
Crude oil prices remained near all-time highs last week, as the escalation of hostilities in Iraq kept fears of Middle East supply disruptions at the forefront of traders minds. The fall of about $1/B on 18 May was attributable to investors taking profits ahead of weekly US stocks data due the following day. The data proved bullish, showing smaller than anticipated increases in gasoline stocks in...
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