Middle East Economic Survey


No 11


WTI Stays In Low $80s/B Range Amid Indications Of Tightening Market

The price of WTI crude has remained above the $80/B mark for the last week, closing at $82.11/B on 11 March amid mixed economic indicators that hint at improvements in the US economy and expectations that OPEC will make no changes in its production target when it meets in Vienna on 17 March. In the latest issue of the International Energy Agencys Oil Market Report,...