Middle East Economic Survey

VOL. LII

No 46

16-Nov-2009

OPEC In Bullish Mood Ahead Of Angola Meeting

OPEC sees prices as likely to remain in the high $70/Bs in the near future, according to its latest Monthly Oil Market Report (MOMR). Economic data and US dollar fluctuations will be the key factors determining prices, the report said. But falling stocks and an apparent boost in supply ahead of the organizations 22 December meeting in Angola look also to be playing their part.

The global economic...