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...
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