Middle East Economic Survey
VOL. LII
No 15
13-Apr-2009
OIL PRICES
Crude Oil Prices Remain Around $50/B But Lack Fundamentals Support
WTI settled above $52/B on 9 April, ahead of the holiday weekend, as some optimism returned to the equities market. However, despite a desire amongst investors for the oil market to pick up, supporting fundamentals have yet to arrive. In its latest monthly Oil Market Report, published on 10 April, the International Energy Agency (IEA) said prices recently have tracked...
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