Middle East Economic Survey


No 37


Crude Price Moves Back Into Low $70s/B Range Following OPEC Rollover, US Stockdraw

The price of WTI crude settled at $71.94/B on 10 September following the weekly release of data by the US Energy Information Administration (EIA) showing that US commercial crude oil inventories had declined by 5.9mn barrels from the previous week, although US crude stocks remain high. Following the US Labor Day holiday, WTI prices started the week at $68.02/B...