Middle East Economic Survey

VOL. LI

No 50

15-Dec-2008

OPEC/OIL PRICES

Crude Oil Formulas/Posted Prices ($/B)

Iraq (+/- Adjustment Factor; $/B)

...

2009

2008

Jan

Dec

Nov

Oct

Sep

Aug

Jul

Jun

May

Apr

Mar

Feb

Jan

Basrah Light Crude

US

Basrah Light (WTI 2nd Month)

-7.15

-7.05

-7.05

-7.05

-5.90

-6.50

-7.70

-10.10

-8.80

-7.05

-7.65

-6.65

-9.05

Europe