Middle East Economic Survey

VOL. LIV

No 9

28-Feb-2011

WTI Climbs Through Week, Brent Nears $120/B As Libya Violence Dominates Market

Crude oil prices traded above $100/B during the week as alarm spread throughout global markets over events in Libya where popular unrest against the near 42-year rule of Colonel Mu'ammar al-Qadhafi has become increasingly violent. Most oil companies operating in Libya have been forced to shut-in some production and evacuate their personnel. The price of WTI...