Middle East Economic Survey
VOL. LIV
No 40
3-Oct-2011
OIL PRICES
Oil Prices Steady As EU Addresses Debt Crisis
The price of WTI steadied in the low $80s/B range and Brent in the low $100s/B last week, after an irregular week of trading that revolved around the European debt crisis and fears of a return to global recession. A vote in the German parliament giving support to a large Eurozone rescue fund provided investors with some respite from concerns that Greece would default on its debt....
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