Middle East Economic Survey
VOL. LIII
No 27
5-Jul-2010
WTI Price Slips To Low $70s/B Range Amid Fuel Stock Build And Poor Economic Data
The price of WTI crude settled at $72.95/B on 1 July, slipping throughout the week from more than $78/B on 28 June. Inventory data released by the US Energy Information Administration (EIA) showed a decline in crude stocks by 2mn barrels, but a rise in gasoline and distillate stocks by 537,000 barrels and 2.5mn barrels respectively, resulting in a 30 June...
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