Middle East Economic Survey

VOL. LIV

No 12

21-Mar-2011

OIL PRICES

Crude Oil Market Buoyed By MENA Unrest, Eyes Impact Of Japans Tsunami

Crude oil prices were buoyed last week by the ongoing MENA regional unrest. Although Libyas oil exports remained halted, Col Mu'ammar al-Qadhafis forces pushed to regain control of oil ports and installations from rebel groups. Meanwhile, troops from GCC neighbors entered Bahrain after Manama declared martial law in a bid to stamp out unrest. The...