Middle East Economic Survey
WTI Holds Steady Within High $80s/B Range
The price of WTI crude oil settled at $87.70/B on 16 December, marking little change during the course of the week. ICE Brent, too, showed little movement and remained about $90/B. But the door to $100/B opens wider, Paul Horsnell, Head of Commodities Research at Barclays Capital said in the 16 December Weekly Oil Data Review. This years positive demand shock has continued, Dr...