Middle East Economic Survey
WTI Remains In High $80s/B Range, IEA Sees Demand Driving Price Increase
The price of WTI crude slipped through most trading days of the week to settle at $85.64/B on 27 January. Weaker data on the US economy, reports of higher exports from Saudi Arabia, coupled with reports from Oil Movements that seaborne crude shipments are rising, put pressure on WTI, while Brent closed the day at $97.39/B. The US Energy Information...