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Commodities Briefing - Categorized | Oil, Price Watch more

IEA sees oil at $US212 a barrel by 2035

Posted on 07 November 2011

The jump in oil prices in the past year is adding to concern about the economy, according to a draft of the International Energy Agency’s 2011 World Energy Outlook, which also raised its view of long-run prices.
The draft dated July 2011, obtained by Reuters ahead of the publication’s launch next week, assumes nominal oil prices of $114 a barrel in 2015 and $212 in 2035. Last year’s report assumed prices of $104 and $204 by those dates………………………………………..Full Article: Source


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