VOL. XLII

No. 19

10-May-1999

SAUDI ARABIA

Saudi Aramcos June Pricing Shows Impact of ConflictingMarket Trends

Both the physical and futures markets for Atlantic Basincrudes ran into a (probably temporary) reversal of their

seemingly inexorable climb at the end of last week. OnThursday Dated Brent dropped by some 40-50 cents/B to around $16.20 and JuneBrent by 49 cents/B to around $16.56, while cash WTI fell by 66 cents/B to$18.20/B and June WTI by 66 cents/B to $18.32/B. The reasons for this...