Middle East Economic Survey
VOL. LII
No 19
11-May-2009
OIL PRICES
WTI Climbs Above $55/B Amid Signs Of Improvement In US Economy
WTI showed steady improvement throughout the week, settling at $56.71/B on 7 May, its highest closing price since November 2008. The price advance was attributed to optimism about the US economy, but some analysts suggest that the market may be getting ahead of itself, as demand has yet to make a return. During the course of the week, prices were buoyed by gains on the...
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!