Middle East Economic Survey


No 2


WTI Moves Above $80/B As Northern Winter Bites

The price of WTI moved into the lower $80s/B range in the new year, as winter weather set in throughout the northern hemisphere and boosted demand. Economic data remains a mixed bag for example, a firmer dollar on 7 January and concerns over future demand moved the WTI price downward. Writing in the Weekly Oil Data Review of 6 January, Barclays Capital Head of Commodities Research Paul Horsnell...