VOL. XLVI
No 37
15-September-2003
OIL PRICES
Crude Prices Mark Time On Mixed Stock Data
Crude oil prices moved sideways last week, with early trading seemingly driven by hedge funds covering their short positions and later support coming from weekly US stocks data published on 10 September, which showed an unexpected crude stockdraw. Although the stocks data showed bearish rises in both gasoline and distillates inventories, traders appeared most concerned about the fall in US crude imports, from...
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