Middle East Economic Survey


No 34


Crude Prices Stick At $75/B Over Concerns Economic Recovery Is Slowing

The price of WTI has stayed in the $75/B range throughout the week amid concerns that the economic recovery may not be gathering pace. US data released during the week show manufacturing lagging and increased claims for unemployment benefits.

Commenting on the recent decline in the price of crude oil, the Centre for Global Economic Studies (CGES) said in its Weekly...