Middle East Economic Survey
VOL. XLVIII
No 50
12-December-2005
OIL PRICES
Crude Prices Rise Ahead Of OPEC Meeting As Weather Concerns Outweigh US Stockbuild
The WTI crude oil price returned above $60/B last week, as forecasts of cold weather in North America outweighed the effects of bearish US weekly inventories data published on 7 December. Just before the stocks data emerged, prices rose after a video interview with al-Qa'idas deputy leader appeared on a website, calling for attacks on oil...
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