Middle East Economic Survey


No 46


WTI Slips Below $77/B To Lowest Point Since Mid-October

A rise in US crude and product inventories and a stronger dollar led the price of WTI to settle at $76.94/B on 12 November, its lowest level for almost a month. US government data showed a decline in jobless claims, prompting investment in the dollar and encouraging the move away from crude. Meanwhile, the view continued to circulate that the global economy is on the mend although it...