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Where will oil end 2009?

Posted on 05 January 2009

From Seekingalpha.com: Is 2009 going to be an exciting year for oil? Institutional investors don`t think so. Their estimates are very similar - much of Wall Street expects oil prices to average about $50 a barrel in 2009. Some of the firms and their specific forecasts:

Deutsche Bank predicts an average price of $47.50 for all of 2009; the chief energy economist of Deutsche Bank, Adam Sieminski, said recently that the demand for oil in 2009 will drop more than any other time in the last quarter of a century due to the weak economy. …..Full Article: Source


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VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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