| Indeed, Saudi Arabia and the UAE are among the countries most vulnerable to an oil price shock, the bank says.Brent crude prices have declined 12.5% this month alone, as traders worry about declining demand and rising output notably from the United States, the North Sea, Canada, Iraq and Libya.
Overall, Brent has lost 6.9% in 2013, ending the third week of April at USD 102.41 a barrel on the London-based ICE Futures Europe exchange...............................................Full Article: Source
|