Middle East Economic Survey

VOL. LIV

No 52

26-Dec-2011

Crude Prices Rise With Geopolitical Tension, Better US Economic Data

Crude oil prices rose throughout last week as concerns over a return to widespread violence in Iraq and military maneuvers by Iran in the southern Gulf highlighted the security of supply issue, while improved economic data in the US provided an additional incentive to investors. The US Department of Energy reported that crude inventories had fallen during the week by...