VOL. XLIV
No 32
6-August-2001
US Stocks Decline RevivesDemand Optimism
Early last week crude oil priceswithered as traders were undecided about how the supply-demand balance wouldmove in the wake of OPECs decision to cut supplies by 1mn b/d from 1 September(MEES, 30 July). All eyes werescanning the horizons for evidence of a demand pick-up now that refiners arepreparing for winter consumption. Once again, US stocks data provided the hopemarkets were looking for: not only was there a strong...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!