Middle East Economic Survey
VOL. LII
No 32
10-Aug-2009
OIL PRICES
WTI Moves Above $70/B On Back Of Economic Speculation
The price of WTI crude moved back into the lower $70s/B range during last week, encouraged by movements on the equity markets and fluctuations in the US dollar. WTI closed at $71.94/B on 6 August despite data released a day earlier by the US Energy Information Agency (IEA) showing a 1.7mn barrel stockbuild from the previous week. Experts see speculation as being behind the rise in...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!