Middle East Economic Survey

VOL. LIV

No 51

19-Dec-2011

Oil Prices Slip On Concerns Over Economic Slowdown

Oil prices last week tracked broader economic trends, rallying early in the week as European governments moved to tackle debt concerns, then easing amid continuing concern about the state of the worlds economy. Data showed a fall in US jobless claims but also a slight dip in US industrial productivity. Some confidence over the Eurozone appears to be returning and the euro gained against...