Middle East Economic Survey


No 13


MEES Agenda

Economics Moving Crude Prices, Fundamentals Out Of Picture For Now

Crude prices have climbed out of the $30-40/B range, but the question is whether they will remain above $50/B and eventually begin to tick upward. Despite indications that OPEC has made a successful start at removing surplus crude from the market, analysts tell MEES that the recent price rally is due more to attempts by the US government and others to massage the...