Middle East Economic Survey


No 42


Crude Price Falters As Global Economic Picture Moderates Market

The price of WTI settled below $85/B on 13 October, after gains earlier in the week as European banks moved to ease Eurozone debt concerns. However, global economic conditions continue to temper the market as did the US Energy Information Administrations (EIAs) weekly petroleum report that showed commercial crude inventories in the US had increased. Further data on 13...