VOL. XLIV
No 42
15-October-2001
OPEC
OilPrices Steady Despite War And Economic Slowdown
Crudeoil prices held steady last week despite the onset of war in Afghanistan andthe increasing signs of a prolonged global economic slowdown, although the OPECBasket price remained below the organizations target price band. The10-consecutive-working-day trigger point for the mechanism came on 5 October,but OPEC has not instigated the production cuts, which the mechanism requiresbecause of the exceptional...
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