VOL. XLV

No 12

25-March-2002

SUPPLY/DEMAND

Crude Price Hovers At$25/B As Market Anticipates Demand Recovery

Crude prices remainedat their highest level for about six months last week, as market players lookednot to current fundamentals but to near-term expectations of demand recoveryand political tensions in gauging their moves. OPECs widely anticipatedrollover of its production quotas will keep the supply side tight at leastuntil the end of June, and Russia underpinned market strength further by...