Middle East Economic Survey
VOL. LII
No 38
21-Sep-2009
WTI Returns To $72/B In Step With Equities Market
WTI crude closed at $72.47/B on 17 September, behaving very much like a commodity as it followed the course of the equities market and fluctuated in time with the value of the dollar. Fundamentals did look like a factor on 16 September, when the weekly data released by the US Energy Information Agency (EIA) showed that stocks in the US had declined by 4.7mn barrels over the week, although...
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