Middle East Economic Survey

VOL. XLVII

No 39

27-September-2004

OIL PRICES

Crude Oil Formulas/Posted Prices ($/B)

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

2004

Oct

Sep

Aug

Jul

Jun

May

Apr

Mar

Feb

Jan

US

Basrah Light (WTI 2nd Month)

-9.50

-7.80

-7.20

-7.00

-6.70

-6.70

-6.50

-6.10

-4.95

-4.90

Europe

Basrah Light (Dated Brent)

-7.25

-5.75

-5.65

-4.75

-5.05

-4.55

-4.30

-4.25

...