VOL. XLVI
No 48
1-December-2003
OPEC
OIL PRICES
Crude Prices Recover After Investors Liquidate Long Positions
Crude prices fell by more than $1.50/B on 24 November, as investment funds liquidated near-record long positions amid high oil prices, which rose over the previous two weeks in response to growing market uncertainty and political tension in the Middle East. The price slide was halted by traders squaring their positions head of the US Thanksgiving holiday (which saw NYMEX closed on 27 and 28...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!