Middle East Economic Survey

VOL. LII

No 11

16-Mar-2009

OIL PRICES

WTI Gains Ground Amid US Stock Build And Questions Over OPEC Action

WTI crude oil closed at $47.03/B on 12 March following a week of gains and losses reflecting new economic data, gains on the US stock exchange, a new US crude stockbuild and speculation over OPECs course of action at its 15 March meeting in Vienna. The price of WTI crude oil began last week above $47/B, its highest level since the first week of January, but slipped...