VOL. XLV

No 22

3-June-2002

OIL PRICES

Crude Oil Formulas/Posted Prices($/B)

Iraq($/B)

2002

Jun(1)

May(2)

May(3)

Apr(4)

Mar(5)

Mar(6)

US (Price Ref WTI)*

Kirkuk (36º)

NA

-4.05

-3.15

-3.00

-3.40

-3.40

Basrah Light (34º)

NA

-4.45

-3.45

-3.25

-3.55

-3.65

Europe (Price Ref Dated Brent)

Kirkuk (36º)

NA

-2.20

-2.20

-2.50

-2.40

-2.10

Basrah Light (34º)

NA

-3.10

-3.10

-3.00

-2.85

NA

Asia (Price...