Middle East Economic Survey


No 7


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,...