Middle East Economic Survey
VOL. LIV
No 16
18-Apr-2011
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...
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