VOL. XLIII
No. 40
2-OCTOBER-2000
US
US Stockdraw Pledge Pulls Down Crude Oil Prices, But Heating Oil Problems Remain
The much-heralded plan by the US government to release crude oil from its Strategic Petroleum Reserve (SPR) was given the go-ahead on 22 September, curbing crude prices early last week. Yet while the reduction in crude prices was what the US government and most of the oil industry wanted, as the week progressed there was a growing feeling that the effect on US heating oil stocks ...
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