Middle East Economic Survey

VOL. L

No 51

17-December-2007

Crude Oil Formulas/Posted Prices ($/B)

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

2008

2007

Jan

Dec

Nov

Oct

Sep

Aug

Jul

Jun

May

Apr

Mar

Feb

Jan

US

Basrah Light (WTI 2nd Month)

-9.05

-13.05

-8.80

-7.20

-6.80

-4.40

-3.90

-4.85

-3.30

-6.90

-6.70

-8.75

-7.40

Europe

Basrah Light (Dated Brent)

...