Middle East Economic Survey

VOL. LII

No 18

04-May-2009

OIL PRICES

WTI Crude Holds Steady Around $50/B, Swayed By Economic Fluctuations

Crude oil prices continued to gyrate around the $50/B mark during the week amid fluctuations in the dollar and fresh economic indications that suggest the global financial circumstances may be beginning to stabilize. Concerns over a swine flu pandemic and news that Detroits Chrysler would file for bankruptcy swayed the stock market and had a knock-on effect for...