Middle East Economic Survey
WTI Remains Rangebound In High $80s/B
The price of WTI crude oil continued to trade in the high $80s/B range throughout the week, while ICE Brent remained above $90/B. Winter weather and indications of slight advances in the global economic recovery worked to maintain the price of oil as did improving sentiment in equity markets. The steady rise in crude markets has led to speculation that the price could again breach $100/B,...