Middle East Economic Survey
VOL. XLVII
No 44
1-November-2004
OIL PRICES
WTI Tops $55/B Before Sliding On US Crude Stockbuild And Chinese Interest Rate Hike
Prices for WTI and Brent crude set new records yet again last week, with WTI peaking at $55.67/B and Brent at $51.90/B during early trading on 25 October. Then prices eased after the Norwegian government stepped in to halt an escalating strike of offshore workers. The rise on 26 October was caused by fears over heating oil stocks as winter...
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