VOL. XLVI
No 45
10-November-2003
OPEC
OIL PRICES
Crude Price Slide Reversed By US Products Stockbuild
The recent slide in crude oil prices was reversed last week, as weekly US inventory data on 5 November showed large decreases in gasoline and distillates inventories and a smaller than expected build in crude stocks. The product stockdraws came amid rising refinery throughputs and imports, and the suggestion of US demand strength at a time when deliveries from OPEC producers are expected to fall...
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