Middle East Economic Survey


No 16


WTI Price Slips Below $110/B As Questions Arise Over Demand Destruction

The price of WTI crude slipped to $108.11/B on 14 April and Brent settled at $122.36/B after starting the week at $109.92/B and $123.98/B respectively. Continuing political unrest in the Middle East and North Africa and the particular realization that Libyan crude could be off the market for some time sustains a premium on oil prices despite the fact that markets...