Middle East Economic Survey


No 10


WTI Prices Crosses $100/B Line On Libya Concerns Despite Spare Capacity And Stocks

The price of WTI passed the $100/B mark this week, settling at $102.23/B on 2 March as the market continues to focus on events in Libya where fighting between revolutionaries and forces loyal to Colonel Mu'ammad al-Qadhafi is moving into a third week. Measures taken by the international community to pressure the Libyan leader into quitting the country have...