Middle East Economic Survey


No 47


WTI Prices Return To Lower $80s/B Zone

The price of WTI eased back into the lower $80s/B zone last week. A stronger dollar sparked by worries over European debt and a possible future slump in demand in China led to WTIs price decline throughout the week, but Thursdays price rise was prompted by news that Ireland would accept billions of euros to boost its economy and a decline in US inventories crude and product inventories reported by...