No 22



Oil Prices Rangebound Ahead Of OPEC Meeting

Crude oil prices were rangebound last week and are expected to remain so until the extraordinary OPEC ministerial meeting in Doha on 11 June. Prices were restricted on the upside by traders anticipation of Iraqi crude exports returning in the next couple of months, while support was derived from the markets expectation that OPEC will adhere to its current production quotas and may cut the targets even further at the June...