Middle East Economic Survey
VOL. LII
No 37
14-Sep-2009
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...
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