VOL. XLVI
No 50
15-December-2003
OPEC
OIL PRICES
Crude Prices Supported By Low Inventories And Strong Demand
Crude oil prices rose early last week on the strength of buoyant NYMEX products markets following weather reports predicting a cold spell in the US. The subsequent decline was a result of traders and investors selling to take profits, but prices recovered after reports on 10 December the IEAs monthly data and the two weekly US inventory reports provided evidence of strong demand and...
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