Middle East Economic Survey
WTI Sticks To Mid-$80s/B Range
WTI crude settled at $85.51/B on 15 April, down from $85.84/B the previous day when the US Energy Information Administration (EIA) reported an unexpected stockdraw of 2.2mn barrels. The slip to $85.51/B came with the expiration of the WTI May contract and continuing doubts in Europe over Greeces financial troubles that resulted in the euro falling against the dollar.
Writing in the US Petroleum Report on 14...