Middle East Economic Survey
VOL. LII
No 17
27-Apr-2009
OIL PRICES
Crude Oil Prices Hover Around $50/B, Despite Continuing US Stockbuild
Prices for the main benchmark crude oils hovered around $50/B last week, despite further data showing that US crude and products inventories continue to build. Support for crude prices came mainly from investors, as stock markets showed modest increases and a weakening of the dollar encouraged the purchase of commodities. This apparent oil market steadiness...
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