Middle East Economic Survey

VOL. LII

No 17

27-Apr-2009

OIL PRICES

Reinforcing Feedbacks, Time Spreads And Oil Prices

By Bassam Fattouh

Dr Fattouh is Director of the Oil and Middle East Programme at the Oxford Institute for Energy Studies and a University Research Lecturer at the Department of International Development, Oxford University. The contents of this paper are the authors sole responsibility.

One of the very interesting features in the recent behavior of crude oil prices has been the increase...