“MONTHLY OIL BULLETIN”: GIH KUWAIT
September 24, 2008 at 10:30 am | In Arabs, Economics, Financial, Middle East, Oil & Gas, Research | Leave a Comment
Monthly Oil Bulletin – September 2008
Global Investment House – Kuwait
research@research.global.com.kw
Monthly Oil Bulletin – September 2008
Wed, Sep 24, 2008
Dear Investor,
Monthly Oil Bulletin for the period (19 Aug -19 Sep 2008)
In continuation of Global Investment House coverage of commodities market, we have come out with a Monthly Oil Bulletin for the period (19 Aug -19 Sep 2008) to provide you with the insight behind the changing price trends and supply-demand dynamics of oil.
US crude dived below the US$100 per barrel mark for the first time since 27th Feb 2008 to settle at US$91.49 per barrel on 16th Sep 2008, before recovering to US$104.55 per barrel on 19th Sep 2008. US crude fell 8.6% during the review period (Aug 19 – Sep19 08). Worldwide credit crunch in the aftermath of sub-prime crisis, appreciation of the US$ to a one-year high against the Euro, minimal damage from Hurricane Gustav overwhelmed the geo-political risk arising from conflict in the Caucuses and potential damage by Hurricane Ike to pull down crude prices to a seven month low on 19th Sep 2008. OPEC basket and Kuwait export crude price followed the same pattern declining by 15.3% and 13.9% during the review period.
In order to view the full report, kindly click on the link below:
http://www.globalinv.net/research/19092008.pdf
To view more reports on the Kuwaiti and other markets, please visit our website:
Research Unit
Global Investment House
Tel: 965-2951438
Monthly Oil Bulletin – September 2008
Global Investment House – Kuwait
research@research.global.com.kw
Monthly Oil Bulletin – September 2008
Wed, Sep 24, 2008
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