US Energy Department Report Sees Oil Prices rising to $25- 32/B in 1995 

Although world oil prices may fall below $10/B in the next eight months, this situation is unlikely to persist beyond the end of 1986, and the long-term outlook is for prices to rise to $25-32/B in 1995, according to a US Department of Energy study.

The study, prepared for the House Energy Committee and released on 21 April, says that it is "nearly impossible" to forecast prices in...