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Commodities Briefing - Categorized | Oil, Price Watch more

OPEC supply cuts to stabilise oil prices in 2009

Posted on 26 March 2009

From Guardian: U.S. crude oil should average nearly $50 a barrel in 2009, as OPEC production cuts establish a floor under prices, but economic weakness will limit gains, a Reuters poll showed on Wednesday.
The consensus forecast in the poll of more than 30 analysts fell to an average for 2009 of $49.73 per barrel of U.S. crude oil, down from $51.52 in the previous poll in February……Full Article: Source


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