Middle East Economic Survey


No 39


Crude Oil Prices Stay Rangebound

The price of WTI crude remained comfortably close to the mid-$70s/B during last week, settling at $75.18/B on 23 September. ICE Brent has been closing higher than WTI since mid-August, as have other benchmark crudes. Writing in the Weekly Oil Data Review, Paul Horsnell, Head of Commodities Research at Barclays Capital, said the latest data released by the US Energy Information Administration (EIA) shows a...