VOL. XLIV

No 33

13-August-2001

OILPRICES

CrudeMarkets Cautious In Anticipation Of Latest IEA Demand Forecast

Demandwas the watchword in crude oil markets last week. Prices were relatively stablecompared with recent months, yet when the latest batch of weekly stocks datafrom the US showed declines in crude and gasoline stocks further evidencethat demand has recently been higher than anticipated prices actuallydeclined as traders waited for the latest forecast from the InternationalEnergy Agency...