VOL. XLV
No 15
15-April-2002
OPEC
Prices Head Lower Amid Political Turmoil
Oil prices fellsharply in the week to 12 April amid political turmoil in the Middle East and Venezuela.NYMEX, Brent oil futures and the OPEC basketof crudes ended the week sharply lower (see table) as traders booked profits,erasing the late March gains that had lifted prices to levels not seen sincesummer 2001 (see graphs). IPE May Brent ended the week down $2.27 while NYMEX Maycrude lost $1.59. Concerns about geopolitical...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!