VOL. XLVI

No 44

3-November-2003

OIL PRICES

Crude Prices Fall As US Crude And Heating Oil Stockbuild Continues

Crude price fell last week as the continuing build-up of US crude and heating oil inventories eased concerns over shortages during the winter. Again, much of the price movement was a result of investors reducing substantial long crude oil positions in accordance with their market models. The price strength over the last few weeks was caused by traders preparing for supply tightness after...