Middle East Economic Survey


No 41


WTI Price Holds Steady Around $70/B

The price of WTI crude closed at $71.69/B on 8 October, having fluctuating within a range of around $2/B over the previous five days. Economic data showing that US jobless claims had fallen and that retail sales had improved and helped move the WTI price higher on 8 October along with a drop in the value of the US dollar, which declined to a 14-month low. The US Energy Information Administration (EIA)...