VOL. XLIV

No 36

3-September-2001

OPEC

CrudePrices Buffeted By Conflicting Supply And Demand Concerns

Brent and OPEC Basket crude oilprices inched higher last week, while WTI rose but fell away as upwardspressure from supply concerns was almost canceled out by fears over weakdemand. With OPECs recent 1mn b/d production cutbacks agreement due to takeeffect from 1 September, and US Midwest gasoline supplies once again gettingtight, crude supply side worries were exacerbated by concerns for Iraqi...