Middle East Economic Survey


No 36


Crude Oil Prices Remain In Mid-$70s/B Range

The price of WTI crude oil moved in the low to mid $70s/B range last week, settling at $75.02/B on 2 September as concern mounted over the possible disruption that Hurricane Earl might cause along the US east coast and improved US economic data on home sales, retail sales and unemployment claims that provided a boost for equities. An explosion and fire at a platform operated by Mariner Energy in the...