Middle East Economic Survey

VOL. XLVIII

No 44

31-October-2005

OIL PRICES

Barclays Sees WTI Averaging $62.30/B in 4Q As Crude, Products Fundamentals Decouple Further

Oil prices are expected to remain robust in 4Q, with WTI averaging $62.30/B and the fundamentals of the crude and products market continuing to decouple, Barclays Capital said in its 4Q 2005 commodities report, The Commodity Refiner. It said that global oil markets were being driven by four themes in 4Q: first a growing decoupling of...