VOL. XLV

No 42

21-October-2002

OIL PRICES

Crude Prices Remain Firm Despite OPEC Reassurances On Supplies

Crude prices rose on 14 October, following the bomb attack on a nightclub in Bali over the weekend and the emergence of the third tropical storm of recent weeks in the Gulf of Mexico. The linking of the Bali bombing and the earlier tanker blast off Yemen to terrorist groups raised concerns over further attacks against oil installations. Prices fell away as initial concerns about loss of...