Middle East Economic Survey
VOL. LIII
No 7
15-Feb-2010
WTI Recovers To Mid $70-80/B Range After EU Pledge To Greece, Forecast Higher Demand
The price of WTI recovered during the week to settle above $75/B on 11 February. Heavy snowfall in the US led to the closure of Federal government offices and the delay of the Weekly Petroleum Status Report, which is usually issued each Wednesday. The oil market reacted to positive US economic data, but more so to news that the EU would provide assistance to...
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