Middle East Economic Survey


No 31


Crude Prices Stay Rangebound While Economic Indicators Continue To Fluctuate

Crude oil prices remained rangebound last week as global economic indicators continued to produce fluctuating data that raises questions about the strength of the recovery. The price of WTI returned above $78/B on 29 July as the dollar weakened against the euro and sentiment over Europes economy improved. Data on the US jobs market improved also, but equities slipped...