Middle East Economic Survey

VOL. LIII

No 1

4-Jan-2010

WTI Price Rebounds To Promise Heady Start In 2010

The price of WTI returned to the high end of the $70-80/B range as December drew to a close, having dipped below $70/B mid-month. Stock draws reported by the US Energy Information Administration (EIA) contributed to the rise in prices, as did cold North American weather and economic data that boosted the feel-good factor about economic recovery during the holiday week. A new dispute between...