Middle East Economic Survey
VOL. XLVII
No 29
19-July-2004
OIL PRICES
Market Caution Keeps WTI Hovering Around $40/B
Crude oil prices were relatively static early last week, as traders maintained their positions in view of the ongoing potential for Middle East supply disruptions and continuing strong consumption on 13 July the IEA predicted that 2004 demand growth would reach a record 2.5mn b/d. While the market was well supplied after OPECs recent production increases, the underlying expectation...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!