VOL. XLV

No 5

4-February-2002

OILPRICES

OilPrices End Week Lower As Bearish Demand Data Overshadows OPEC Compliance

Twomain forces influenced crude prices last week: a report showingbetter-than-expected OPEC compliance with its latest cutbacks agreement gave aboost to prices early in the week, but the gains were however erased by an overallbearish set of US weekly stocks data. The blast and fire at Kuwaits northernRaudhatain oil field late on 31 January gave oil prices an initial nudgehigher, but...