Middle East Economic Survey


No 40


Crude Oil Prices Make Monthly, Quarterly Gains

The price of WTI crude settled at $79.97/B on 30 September, closing out the month with an 11% rise gaining $8.05/B and finishing up on the quarter by 5.74% with a front month gain of $4.34/B over the period. WTIs rise over the week reflects weekly data from the US Energy Information Administration (EIA) showing a decline in US crude oil and petroleum product inventories and economic data...