Middle East Economic Survey
VOL. LII
No 24
15-Jun-2009
OIL PRICES
Société Générale Revises Crude And Product Price Forecast Upward
Société Générale has revised its crude and product price forecast for the remainder of 2009 upward. In the latest edition of Oil Drivers, published in 8 June, the bank forecast front-month Nymex WTI is expected to average around $58/B in 2Q09, up by $12 over the banks previous forecast in late March. Société Générale also revised the 3Q09 price for WTI up by $8.50 to...
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