Middle East Economic Survey
VOL. LII
No 20
18-May-2009
OIL PRICES
WTI Touches $60/B, But Sentiment And Not Demand Seen As Driver
WTI crude settled at $58.62/B on 14 May, reflecting gains on Wall Street and in spite of fundamentals that show crude stocks are plentiful and forecasts that demand will fall further. WTI spent the week ending 14 May above $58/B and on 12 May exceeded $60/B during intraday trading. However, the rising price of crude is viewed as being based solely on investor sentiment...
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!