Middle East Economic Survey

VOL. LIV

No 46

14-Nov-2011

Oil Prices Driven By Eurozone Turmoil Despite Raised Iran Threat

Crude oil prices were mainly driven last week by the struggle among Eurozone governments to solve the Greek and Italian debt crises. This was despite the raising of tension over Iran after the UNs nuclear watchdog declared that Tehrans nuclear program had military dimensions. The Athens government restored hope among investors by appointing a respected economist as leader of...