VOL. XLIII

No. 45

6-November-2000

OPEC

Nervous Markets Keep Brent And WTI Prices Above $30/B Despite OPEC Production Hike

The prices of the benchmark Brent and WTI crudes did react to OPECs decision to increase production by a further 500,000 b/d from 1 November but not by much or for long. As expectations of an agreement firmed on 27 October, traders took roughly $1/B off both crudes; but as markets opened last week prices bounced back again when other concerns were raised. Fears of an Iraqi...