Middle East Economic Survey

VOL. XLVII

No 47

22-November-2004

OIL PRICES

Crude Oil Formulas/Posted Prices ($/B)

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

2004

Dec

Nov

Oct

Sep

Aug

Jul

Jun

May

Apr

Mar

Feb

Jan

US

Basrah Light (WTI 2nd Month)

-12.05

-11.25

-10.82*

-7.80

-7.20

-7.00

-6.70

-6.70

-6.50

-6.10

-4.95

-4.90

Europe

Basrah Light (Dated Brent)

-11.0

-9.75

-8.37*

...