energy information administration short term outlook august 2003 1 overview world oil markets average crude prices for july were little changed from june the west texas intermediate wti spot was 30 75 per barrel compared to 66 in eia s is remain firm through rest of or at least until autumn when oecd inventories may rebuild above observed 5 year lows once have been rebuilt slide gradually 26 during 2004 as iraqi exports return near pre war levels figure us natural gas end working storage estimated based on data 25 about 17 percent below 2002 and 9 previous this would be a solid gain bolsters chance that normal by start heating season wellhead price third quarter now projected 4 63 thousand
