Middle East Economic Survey


No 35


Crude Prices Slip Further But Remain Above $70/B

The price of WTI slipped to its lowest level since early July, settling at $71.63/B on 24 August before regaining some ground over the next two days to settle at $73.36/B on 26 August, encouraged by slightly improved US economic data and a weaker dollar against the euro. However, sentiment about the future of the US economic recovery remains subdued. Conditions in the market prompted Barclays...