VOL. XLIV

No 40

1-October-2001

OIL PRICES

Markets Suffer Turbulent Week

Crude oil prices last weeksuffered one of their most turbulent weeks in many years, with a sharp drop inthe price of the main benchmarks, front month WTI and Brent, triggered by growingfears of a full-scale global recession and continuing doubts among tradersabout oil demand prospects and about OPECs intentions ahead of its 26September ministerial meeting. These doubts were to some extent attributable tomedia reports about...