Middle East Economic Survey

VOL. XLVIII

No 17

25-April-2005

Price Fall To Continue, Says SG

The current fall in crude oil prices was halted temporarily at around $50/B for WTI, but the momentum is downwards and WTI is likely to slip to $45-46/B, according to Société Générale (SG). In the Weekly Oils report of 18 April, SG analysts Frederic Lasserre and Alexandre Kervinio observe that, since 4 Aprils highs of $58.28/B for WTI and $57.65/B for Brent, prices have collapsed more than $8/B: There is...