VOL. XLV
No 34
26-August-2002
OIL PRICES
OilPrices Edge To New Highs On Weak Stocks, Iraq
Oil prices consolidated recent gains over the lastweek, edging to new highs above the average trading band seen since March earlyin the week, before some profit-taking on 22 August. The gains saw SeptemberWTI futures top $30/B, hitting a 15-month high on 20 August, the date that thecontract expired. Supportive factors included the ongoing overall draw in USinventories (despite crude and gasoline builds the...
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