Middle East Economic Survey
WTI Passes $90/B Mark Amid Cold Weather And Improving US Demand
The price of WTI crude oil punched through the $90/B mark on 22 December to settle at $90.48/B, while much of Europe and North America was gripped by severe winter weather and the euro remained gripped by debt crises. The settlement price is the highest for WTI for more than two years it settled at $93.88/B on 3 October 2008. The US Energy Information...