Middle East Economic Survey

VOL. LIV

No 12

21-Mar-2011

SAUDI ARABIA

Riyad Capital Expects Continuing Oil Price Volatility

While the regional political situation continues to be the key issue in the Middle East, oil prices have seemingly been on a rollercoaster ride and are expected to remain volatile, according to the March Monthly Economic Report by Riyad Capital. With short term shocks continuing to ramp up global oil prices despite increases in Saudi Arabian output, the price of Brent...