Middle East Economic Survey
VOL. LIII
No 13
29-March-2010
WTI Remains Above $80/B, Buoyed By Decline Of Euro And US Stock Build
WTI settled at $80.53/B on 25 March as the euro lost ground against the dollar because of Europes uncertain plans on how to deal with EU member Greeces sovereign debt. Data released by the US Energy Information Administration (EIA) on 24 March, showing that US crude stocks had increased by 7.3mn barrels during the previous week, let WTI slip to $80.61/B from a close of...
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