Middle East Economic Survey


No 49


WTI Holds To Narrow Range With Scant Attention Paid To Dubai

WTI crude settled at $76.46/B on 3 December, holding to the narrow range that it has moved within for most of November. Concern over the economy continues to influence the price of WTI. Data for unemployment in the US now at 10.2% is the most recent factor to influence the market mood. However, crude oil markets prices paid little heed to the Dubai debt crisis. Writing in Société...