Middle East Economic Survey


No 39


MEES Agenda

Fundamentals Play Distant Role In Crude Price Movements

Throughout the third quarter crude oil prices have remained relatively flat in the $60-75/B range. This is higher than what had been thought possible earlier in the year, when prices touched $33/B, but they are now in a range were crude oil producers can breathe a sign of relief with regard to their budgets and projects and hope the worst of the global economic downturn is...