Middle East Economic Survey
VOL. LII
No 30
27-Jul-2009
OIL PRICES
Crude Oil Market Steady As Traders Gauge Economic Signals
Crude oil prices were relatively steady last week, with the WTI and Brent benchmark crudes both showing gains but staying short of the $70/B mark. While weekly US petroleum data published on 22 July gave a boost to prices because of a draw on crude inventories, the overall demand outlook continues weak. Oil traders and investors continue to gauge the broader economic outlook...
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