Middle East Economic Survey
VOL. LII
No 9
2-Mar-2009
Crude Oil Market Going Through Hiatus, Says Barclays Capital
The oil market is currently going through something of a hiatus, Barclays Capital said in its latest issue of Oil Sketches, published on 24 February. The market has spent two months moving sideways, with upwards price momentum being capped by the effect of further downgrades in global economic growth, Barclays analysts headed by Paul Horsnell said. Having been through the stage of...
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