Middle East Economic Survey
VOL. LIV
No 7
14-Feb-2011
WTI Moves To Mid-$80s/B Range While Egypt Concern Keeps Brent Above $100/B
The price of WTI settled at $86.73/B on 10 February as the dollar improved against key currencies and crude production from OPEC was estimated at 29.7mn b/d in January, its highest mark since December 2008. Crude stocks in the US rose in weekly data supplied by the US Energy Information Administration (EIA), putting further downward pressure on prices. Meanwhile,...
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