02.05.2011 - Oil prices are still buoyant in April
Although there was a slight fall towards the middle of the month but it was short lived and the average for April is almost $118 a barrel. The year-to-date average is close to $101 a barrel compared to the average for 2010 of $77.45. The Opec Secretariat finally accepted the fact that its oil demand estimate for 2010 and forecast for 2011 are in fact under-estimates..............................................Full Article: Source
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