Middle East Economic Survey

VOL. LII

No 47

23-Nov-2009

OIL PRICES

WTI Remains Rangebound As Questions Over Economy Remain

WTI remained in the $76-79/B range throughout the week, settling on 19 November at $77.46/B and seemingly at the mercy of fluctuations on Wall Street and in the US dollar. Despite the feel-good factor about a looming global economic recovery, worries persist. US President Barack Obama warned this week that the US economy could slip into a double-dip recession if public debt...