No. 31



ESAI Foresees Six-Month Roller Coaster Ride For Crude Oil Prices

The recent fall in crude oil prices is an indication of a looser market ahead, with Boston-based Energy Security Analysis Inc (ESAI) predicting a three-part roller coaster ride for crude prices from now until January 2001. In the July edition of its Atlantic Basin Stockwatch Marketview, ESAI says that the price trend will be generally downwards, however, partly because OPEC will add more oil to...