Middle East Economic Survey
Crude Prices Rise On Nigeria Outage, Slide On US Stockbuild
Crude prices rose and fell last week, as traders balanced heightened geopolitical concerns against comfortable and growing US inventories. On 20 February prices surged after militants attacked the Forcados crude export terminal in Nigeria, forcing operator Shell to shut in 455,000 b/d of supplies. They threatened further attacks and took nine oil company hostages,...