Middle East Economic Survey
VOL. LIV
No 1-2
3/10-Jan-2011
OIL PRICES
WTI Eases From Lower $90s/B Range, But IEAs Birol Warns Price In Danger Zone
The price of WTI settled at $88.38/B on 6 January after spending most of the holiday season above $90/B. The market had been buoyant since mid-December, but a stronger dollar and weaker than expected US economic data pulled WTI below the $90/B mark on 6 January amid faltering market optimism. Weekly data from the US Energy Information...
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