VOL. XLIV

No 45

5-November-2001

OPEC

DemandConcerns Take Crude Prices Lower

Overthe past few weeks crude prices have held relatively steady, with marketsgauging the opposing forces of a potential OPEC production cut and continuingglobal economic slowdown. However, last week prices fell to their lowest levelin two years, as further evidence of weak US demand and new figures showing negativeUS GDP growth outweighed growing expectations of an output cut at OPECsextraordinary meeting in Vienna on 14...