Middle East Economic Survey
VOL. LIII
No 10
8-March-2010
WTI Tops $80/B Despite US Crude Stockbuild
Crude oil prices were buoyed last week by improving US economic data and a weaker dollar, so that WTI held above $80/B despite US weekly petroleum data showing an unexpectedly large rise in crude oil stocks. In the 3 March Oil Comment, Newedge analyst Antoine Halff observed: Weekly US oil data for the week ending February 26 show the continuation of a steady rebound in US product deliveries since...
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