Middle East Economic Survey


No 38


Crude Prices Slip Within Mid-$70s/B Range

The price of WTI crude slipped throughout the week to settle at $74.57/B on 16 September with US market sentiment weighing on the anticipated reopening of Canadas Enbridge Line 6A crude oil on 17 September following repairs. Recent positive economic data has kept the market buoyant, but pessimism over the economic recovery remains. Demand for crude in China continues to be robust and US data suggests...