Middle East Economic Survey


No 43


Crude Price Slips As Euro Debt Crisis Takes Prominence

Oil prices eased last week, with Brent falling more than the other benchmark crudes. Behind the slide was growing concern for Europes sovereign debt crisis and questions about future US market demand. Investors balanced their holdings prior to the expiry of the November contract and held back in an attempt to size-up erratic developments within the Eurozone and the results of a...