Middle East Economic Survey

VOL. XLIX

No 1/2

2/9-January-2006

Crude Prices Bolstered By Investment Rush Ahead Of OPEC Meeting

Crude oil prices were boosted last week by an inrush of investment fund buying. The near-term crude market outlook is tight, with oil consumption rising strongly and traders expecting a cut in OPEC supplies when the organizations ministers meet in Vienna on 31 January to discuss production targets. Prices received technical support from crudes failure to fall below $57/B...