Middle East Economic Survey

VOL. XLIX

No 45

6-Nov-2006

Barclays Warns Of Show Me Market Mood But Sees Prices Returning Above $70/B

The key determinants of oil prices in coming months are, according to Barclays Capital, likely to be the factors that usually dominate market debate economics, geopolitics, supply response and OPEC. However, in the Commodity Refiner report of 30 October, Barclays analyst Paul Horsnell observes: What has made oil price behavior much more of a two-way street recently is...