petroleum industry research foundation inc 3 park avenue 26 th floor new york ny 10016 5989 tel 212 686 6470 fax 6558 you may be interested pirinc has prepared the enclosed report oil and other commodities over past year in general metals particular have registered strong double digit increases dollar prices shared overall upward price movement as with world demand been outpacing expectations available spare capacity declining sharply case of crude limited that exists is concentrated a few persian gulf countries within us gasoline spotlight while costs are significant component this product its own specific commodity like problems helped push up beyond high demands run against short term supply constraints at time when stocks s cushion surprises exceptionally low focuses on common elements movements then considers special aspects turns to
