Middle East Economic Survey
WTI Remains Above $70/B, But Fundamentals Offer Little Support
WTI crude settled at $71.37/B on 18 June, the result of economic news that was not as bad as had been expected. The number of people in the US continuing to claim unemployment benefits fell and data on manufacturing in the US Mid-Atlantic showed a decline, but not as much as forecast. US stock market indexes rose during the day and only slight gains of the dollar against...