Middle East Economic Survey
VOL. LIV
No 49
5-Dec-2011
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 hammousm@drexel.edu.
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....
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