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Commodities Briefing - Categorized | Oil, Price Watch more

Oil prices tipped to reach $50 in ‘09

Posted on 12 January 2009

From Zawya.com: Oil prices could average around $50 (Dh183) a barrel in 2009 but are expected to rebound in 2011 as the world begins to recover from the current financial crisis.

London-based Oxford Economics said higher prices would entice Opec to embark on capacity expansions to meet world demand in the long term and this would push output up to 48 million bpd by 2030….. Full Article: Source


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