No. 36



Stocks Rise But So Do Crude Prices As Markets Await OPEC Move

With crude oil prices back at a demand-threatening high and US distillates stocks worryingly low, consumer nations worldwide are looking to OPEC to bring markets under control. However, events last week gave rise to suggestions that OPEC might not be able to perform the required conjuring trick because of factors beyond its control. Despite a statement by Saudi Arabia that it would act to boost...