Middle East Economic Survey


No 4


Crude Prices Slip As US Gasoline Inventories Surge

The price of WTI slipped to $76.08/B on 21 January, its lowest settlement price since mid-December, following the release of data by the US Energy Information Agency (EIA) showing a 3.9mn barrel surge in gasoline stocks. Bearish pressure also came from broader financial market concerns. A proposal put forward by US President Barack Obama to limit the amount of risk that banks can assume pushed...