Middle East Economic Survey

VOL. L

No 9

26-Feb-2007

OIL PRICES

Crude Prices Ease On Mild Weather Before Boost From US Downstream Outages

Crude prices eased early last week because of unseasonal mild weather, but bounced back on revived fears of US downstream overstretch. A 16 February price hike was attributable to warnings that Nigerian militants planned to extend their attacks on foreign nationals beyond the Niger Delta fields. However a price slide began on 19 February, after forecasts of a...