Middle East Economic Survey


No 37


Crude Prices Hold Steady With WTI At $74/B

The price of WTI crude spent last week trading near the $75/B mark that crude oil producers have in the past said would be perfect. Benchmark crudes averaged around $77/B in August, according to the September issue of the International Energy Agencys (IEA)Oil Market Report (OMR). The Paris-based agency said that benchmark crudes trended lower in August over concerns that the global economic recovery...