Middle East Economic Survey
VOL. XLVII
No 49
6-December-2004
Crude Prices Plunge On US Stocks Data
WTI and Brent crude prices fell by more than $5/B over two days after weekly US stocks data published on 1 December showed higher than expected increases in both crude and products inventories. The data included the second weekly increase in distillate stocks after 10 weeks of decline, taking the edge off traders fears of a heating oil squeeze over the winter. This was compounded by comments from...
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!