Middle East Economic Survey
VOL. XLVII
No 47
22-November-2004
US Distillates Stockdraw Again Slows Crude Price Slide
A slide in crude oil prices was checked for the second week running by weekly US stocks data, published on 17 November, showing a decline in distillates stocks ahead of what is predicted to be a cold winter. Although further Iraqi pipeline explosions were bullish for crude prices, most of the headlines supported the price fall: Nigerias unions called off a threatened strike after...
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