Middle East Economic Survey
Explanations Of The Recent Higher Oil Prices
By Shawkat Hammoudeh
Dr Hammoudeh is Professor of Economics and International Business at Drexel University. He can be reached at firstname.lastname@example.org.
The WTI crude price is flirting with $100/B, with US gasoline at $3.44/gallon registering a record price for this time of the year. There are certain times of the business cycle when oil prices follow equity indexes.1 Now is one of those times....