VOL. XLIV

No. 06

5-February-2001

OIL/LPG PRICES

Crude Prices Hover As MarketsPonder Effects Of OPEC Cuts And US Economic Decline

Prices for the two main benchmarkcrudes hovered at a relatively strong level in trading last week, as traderswaited to see the effects of OPEC production cuts agreed in January and triedto gauge the potential effects of the unfolding decline in the US economy. Atthe end of the previous week the WTI and Brent prices were held up by traderspredicting that OPEC supply cuts...