VOL. XLIII

No. 32

7-August-2000

OPEC

Crude Prices Rally Triggered By US Gasoline Market Report

Just as increased production from Saudi Arabia and other OPEC members appeared to be having the desired effect of curbing crude oil prices, a combination of US refinery outages and surprisingly strong US gasoline demand jerked US gasoline prices back upwards and crude prices followed. Early last week it appeared that investors were pulling out of the oil markets because of an anticipated crude price...