energy information administration short term outlook october 2003 1 overview world oil markets eia s is for prices to remain near 30 per barrel through the coming winter of 2004 firm rather than declining primarily because opec decision lower production quotas cut its targets reduces chances a large end year stockbuild that feared could undermine even before had projected organization economic cooperation and development oecd commercial inventory situation would tight until these inventories are rebuilt above observed 5 lows which not expected occur early west texas intermediate wti crude should relatively high over 3 6 months then gradually slide roughly 27 by late figure fuels heating fuel poised start season march with average levels as result status significantly increase normal
