VOL. XLV

No 45

11-November-2002

OIL PRICES

Crude Prices Slide As Oversupply Concerns Dominate

Crude oil prices continued to fall last week as reports of production now well in excess of quotas by OPEC producers coupled with bearishUS weekly stocks data to cancel out the markets recent supply anxiety. There was a rally in early trading on 7 November, after the UN Security Council reached agreement on a draft resolution about weapons inspections in Iraq that included concrete threats against...