No 7



NBK Predicts Crude Oil Price To Edge Higher In 2002

National Bank of Kuwait (NBK) saidin its latest Economic Brief Oil Market And Budget Developments issuedon 11 February that, with the prevailing environment, the price of crude oil isexpected to edge higher in 2002, given OPECs recent cuts. The price of KuwaitExport Crude (KEC), says the bank, is expected to rise from the $16.50/B of thefirst quarter 2002, to $23.40/B in the fourth quarter of the year. The...