Middle East Economic Survey

VOL. LIII

No 26

28-Jun-2010

CGES Says Crude Prices Rebound Reflects New Optimism Over US Economy

The rebound in crude oil prices during the first half of June reflects a more optimistic outlook for economic growth in the US, the Centre for Global Energy Studies (CGES) said in its latest Monthly Oil Report (MOR), released on 21 June. While China continues to pull large volumes of crude oil eastwards from the Middle East and West Africa, it may once again start to face...