Middle East Economic Survey

VOL. LII

No 15

13-Apr-2009

OIL PRICES

Crude Price Bounce Above $50/B Suggests Return Of Financial Flow To Market, Says LCM

Investors appear to have returned to the oil marketplace, said New York-based LCM Research, seeking to explain why crude oil prices have risen in recent weeks despite weak fundamental data and continuing negative trends for industrial production and unemployment. In the 6 April issue of The Week Ahead, LCM said financial flows have significantly...