VOL. XLIV

No 34

20-August-2001

OIL PRICES

OilPrices Mark Time After Fresh US Stocks Draw

Crudeprices continued to mark time over the week to 16 August, with sharp drawdownsin US inventories failing to give a sustained lift to futures prices, whichfell back to the bottom of the two-week range towards the end of the week.Gasoline meanwhile provided some volatility, with NYMEX futures heading totheir highest level since mid-June on the back of outages at four majorrefineries, but subsequently...