Middle East Economic Survey


No 35


Crude Prices Rangebound As WTI Moves In Tempo With Equities And Dollar

The price of WTI remained rangebound last week, coasting in the $70-75/B zone in reaction to the movement of equities and the dollar, showing little regard for fundamentals that continue to depict crude and products in abundance with little rise in demand. Reports of improvement in the US economy have encouraged the price of WTI to stay above $70/B for more than a week. WTI...