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...