Middle East Economic Survey
WTI Returns To Low $90s/B Range
The price of WTI crude oil returned to the lower $90s/B range last week, settling at $91.40/B on 13 January. Prices rose during the week as reduced crude inventories were reported by the US Energy Information Administration (EIA) amid harsh winter conditions in the northern hemisphere, while demand growth is projected to rise during 2011-12. While economic data continues to impact WTI, the market...