VOL. XLV
No 26
1-July-2002
OIL PRICES
Prices Steady AfterOPEC Rollover
OPECs26 June decision to roll over production targets reflects the organizationsdoubts about the much anticipated global economic recovery, uncertainty aboutdemand growth for the rest of the year, and the comfortable level of OECD crudeand products stocks. Nothing in last weeks crude markets performance contradictedthis analysis. If anything, revelations about the unstable state of globalstock markets, which could lead to...
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