VOL. XLVI

No 16

21-April-2003

OPEC

Oil Prices Edge Higher Ahead Of Extraordinary OPEC Meeting

Oil prices moved slightly higher in the week to 17 April, but remained within a fairly close range ahead of the OPEC extraordinary meeting, now confirmed for 24 April in Vienna. Bearish factors that have pushed prices down over the last five weeks, including strong OPEC supply, the prospect of earlier-than-expected resumption of Iraqi crude exports, the seasonal drop in global demand and resumption of...