Middle East Economic Survey
CGES Says Market Ignoring OECD Weakness As Prices Pass $80/B Psychological Barrier
Crude oil prices have finally broken through the psychological barrier of $80/B and appear intent on remaining there, the Centre for Global Energy Studies (CGES) said in its Monthly Oil Report, released on 26 April. Crude prices are now $10/B above their first quarter average, the CGES noted and added that OPECs repeated warnings of second-quarter weakness...
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