VOL. XLVI
No 41
13-October-2003
OPEC
Markets Searching For Winter Crude Demand Pointers As Heating Oil Tightens
Early last week crude oil prices continued their rise in the aftermath of OPECs surprise decision to reduce production targets by 900,000 b/d from 1 November (MEES, 29 September), with the OPEC Basket prices exceeding the organizations $22-28/B target band for the first time since 1 September. The price build momentum was attributable to a large degree to hedge funds taking up...
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