Middle East Economic Survey
VOL. LIII
No 48
29-Nov-2010
OIL PRICES
Crude Prices Move Higher Amid Improved US Data, Concerns Over Korea
The price of WTI rose above $83/B on 24 November, before Nymex closed for the US Thanksgiving Day holiday, on upbeat US economic data and concern over the potential for an escalation of hostilities after an artillery attack by North Korea on South Korea. The US Energy Information Administration (EIA) reported weekly figures that were better than expected and...
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