Middle East Economic Survey
VOL. LIII
No 15
12-April-2010
WTI Remains In Mid-$80s/B Range As US Reports Stock Increase
WTI crude settled at $85.39/B on 8 April, down by $1.45 from its highest price this year of $86.84/B on 6 April. The latest weekly data from the Energy Information Administration (EIA) showed a rise of 2mn barrels in US crude stocks, putting fundamentals back into the equation to some degree. A stronger US dollar against the euro and economic data showing an increase in US...
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