VOL. XLV
No 15
15-April-2002
SUPPLY/DEMAND
IEA Sees Oil Price Driven ByFundamentals, Geopolitical Risk Premium
TheInternational Energy Agency (IEA) said that a combination of marketfundamentals and a geopolitical risk premium have driven crude oil prices up by$7-8/B since the last week of February. In its April monthly Oil Market Report, the IEA said thatsupportive market fundamentals included the US economic recovery, falling USproduct stocks, strong US gasoline demand and reduced OPEC crude oil...
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