VOL. XLIV

No. 24

11-June-2001

SUPPLY/DEMAND

Large US Gasoline Stockbuild Cancels Out Upward Pressure On Crude Prices

Crude oil prices last week followed a pattern which has become familiar during the past two months: rising early in the week on concerns over crude supplies from OPEC, then falling after the latest weekly stocks update from the American Petroleum Institute (API) showed yet another gasoline inventories build. Although Iraq has halted oil exports and OPEC announced a rollover,...