VOL. XLVI

No 27

07-July-2003

OPEC/OIL PRICES

Crude Prices Rise As Supply Concerns Outweigh Claim Of Adequate US Gasoline Stocks

Crude oil prices rose last week as concerns over additional supply disruptions outweighed a US government assessment of gasoline stocks as adequate in the face of weak demand. Early price support was provided by closure of the Louisiana Offshore Oil Port (LOOP) over the previous weekend because of a tropical storm, but offloading restarted on 1 July with Gulf Coast...