VOL. XLVI
No 42
20-October-2003
OPEC
OIL PRICES
Crude Prices Held Steady By OPEC Supply And US Heating Oil Stocks Concerns
Both the main crude market benchmark prices held steady above the $30/B mark last week, buoyed by OPEC determination to implement production cuts of 900,000 b/d from 1 November, and by concerns about the adequacy of US heating oil stocks as winter approaches. The OPEC Basket price remained above the organizations $22-28/B target range, which it exceeded on 6 October as markets...
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