VOL. XLV

No 8

25-February-2002

OPEC/RUSSIA

Russia Supply,Seasonal Demand Concerns Weigh On Oil Prices

Crudeprices fell early last week as renewed concerns about Russias commitment tothe OPEC/non-OPEC accord and reduced demand going into the second quarterovercame worries about the possibility of further US military action againstIraq and a potential squeeze on the physical March Brent market (MEES,18 February). A later rally was attributed initially to speculation about USforces entering Iraq...