VOL. XLV

No 19

13-May-2002

OPEC

Crude Prices RangeboundAs Political And Demand Uncertainties Continue

Crude prices hoveredin a band last week, prevented from falling far by uncertainty over renewed Israel-Palestinehostility and with gains limited by mixed signals about oil demand. Crude oildemand will continue as the key factor in markets until OPEC ministers meet in Viennaon 26 June to decide production quotas. However, politics and market maneuvers arelikely to cast a thick mist over market...