Middle East Economic Survey


No 44


Crude Oil Price Remains Close To $80/B

The price of WTI remained close to the $80/B mark throughout the week although it fluctuated in tandem with other commodities markets. Data released by the Energy Information Administration (EIA) on 28 October had a bearish impact on crude prices, pushing them down to close at $77.46/B, their lowest point since mid-month, but news on 29 October from the US Department of Commerce showing that the US economy...