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...