VOL. XLVI
No 36
08-September-2003
OPEC
OIL PRICES
Crude Prices Plunge $2/B On Hedge Fund Exodus And Bearish Stocks Data
Crude oil prices fell sharply last week after NYMEX traders returned from the Labor Day holiday which traditionally marks the end of the US summer driving season. The crude price plunge was triggered by a collapse in NYMEX gasoline prices, as speculative hedge funds pulled out of the market on the realization that the US had survived the threatened major gasoline market supply...
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