Middle East Economic Survey
VOL. LIII
No 24
14-Jun-2010
WTI Crude Price Moves Above $75/B After IEA Forecast Boost, China Export Data
The price of WTI crude settled at $75.48/B on 10 June, its highest level in nearly a month, following the release of the latest monthly report by the International Energy Agency (IEA), which forecast an increase of 60,000 b/d in demand growth for 2010, and an announcement by China that its exports had grown by 50% during May. The US dollar fell against the euro as...
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