Middle East Economic Survey
WTI Trends Downward In $70-80/B Range
WTI trading closed at $73.64/B on 28 January, having trended downward throughout the week. Concerns about future demand and the course of the global economy persist. A stronger dollar and slack stock performances on Wall Street have contributed to the slide in the oil price. However, writing in the Weekly Oil Data Review, published by Barclays Capital on 28 January, Paul Horsnell,...