VOL. XLIV

No. 17

23-April-2001

CRUDE OIL/LPG PRICES

Crude Prices Buffeted By Gasoline Shortage And Economic Slowdown Fears

Fears of a gasoline shortage and a worsening global economic outlook continued as the main opposing forces driving crude prices last week. Recent concerns over a US gasoline shortage this summer were compounded by an explosion at a UK refinery that boosted prices early last week. Additional upward pressure came from renewed Middle East tension as Israeli troops moved into...