Middle East Economic Survey
VOL. LII
No 42
19-Oct-2009
WTI Price Breaks Out Of $65-75/B Range To New Yearly High
WTI crude settled at $77.58/B on 15 October, having broken out of the $65-75/B range where it had been since mid-summer, to reach a new high price for the year. WTI had not traded at this level since mid-October 2008, and last week the price climbed throughout the week on the back of a weakened US dollar, while the 15 October close followed the weekly data release by the Energy...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!