Middle East Economic Survey


No 19


WTI Falls Below $80/B As Greek Financial Crisis Pushes Fear For Demand Growth

The price of WTI settled at $77.11/B on 6 May after a tumultuous day in Greece and the Eurozone and frantic activity on the New York Stock Exchange, where late trading saw shares fall by nearly 1,000 points for a time before recovering to a days drop of around 350 points. Crude saw its worst week of trading in the year, falling from $86.19/B on 3 May, a drop of...