Middle East Economic Survey


No 48


Crude Prices Steady Amid Continuously Uncertain Global Economics

The price of WTI remained within the upper $90s/B range throughout last week, settling at $98.01/B on 22 November, but falling to $96.17/B the following day before the start of the US Thanksgiving Day holiday. Brent settled at $107.78/B on 24 November after reaching $109.03/B earlier in the week. Economic data that shows no real strength in the global economic recovery and...