Middle East Economic Survey


No 42


Crude Prices Remain In Lower $80/B Range

The price of WTI crude has remained in the lower $80/B range over the last week, settling at $82.69/B on 14 October, while ICE Brent remained at a premium over WTI, settling at $84.53/B the same day. While economic data continues to make its daily impact on the price of WTI, there has yet to emerge a clear understanding of why prices have risen to this point. The rise above the $80/B mark is...