VOL. XLVI

No 28

14-July-2003

OIL PRICES

Crude Prices Rise Despite Mixed US Stocks Data

Crude oil prices strengthened last week, despite the ending of a Nigerian oil workers strike which threatened to disrupt supplies and the publication of US stocks data which recorded an increase in crude inventories the previous week. On 8 July prices initially fell after the Nigerian unions announced their dispute was over, but rallied after a surge in US gasoline prices on news that Shell Oil had shut a...