Analysts stick with oil price over $US59
Two more analysts have revised upwards their oil price forecasts for this year, continuing the bullish view despite a dip in price early this year.
The Centre for Global Energy Studies and the National Australia Bank on Monday raised their forecasts for oil prices this year due to rising geo-political risks and strong Chinese demand.
With these revisions and the addition of BNP Paribas, a Reuters poll of 33 analysts' shows the price of benchmark US light crude oil futures in 2006 to average a record $US59.85 a barrel.
( Full story here )
The Centre for Global Energy Studies and the National Australia Bank on Monday raised their forecasts for oil prices this year due to rising geo-political risks and strong Chinese demand.
With these revisions and the addition of BNP Paribas, a Reuters poll of 33 analysts' shows the price of benchmark US light crude oil futures in 2006 to average a record $US59.85 a barrel.
( Full story here )
posted by Oil Shock at 9:48 PM
0 Comments:
Post a Comment
<< Home