Middle East Economic Survey

VOL. LI

No 4

28-January-2008

OIL PRICES

Asymmetry In Dubai Oil Spreads

By Shawkat Hammoudeh and Mark A Thompson

The following article was written for MEES. Shawkat Hammoudeh is professor of economics at Drexel University and Mark A Thompson is the Cree-Walker chair of business administration at Augusta State University. They can be reached at hammousm@drexel.edu and mthompson@aug.edu, respectively.

With virtually hundreds of different grades, crude oil is classified into...