Middle East Economic Survey
VOL. XLVIII
No 34
22-August-2005
SG Predicts Crude Prices Will Test $70/B This Year
Now that prices have broken through the psychologically significant $65/B mark it seems inevitable that they will test $70/B before the year is out, according to Société Générale (SG). In the Weekly Oils report of 15 August, SG analysts Deborah White and Alexandre Kervinio observe that the current price path is reminiscent of that in 2004, although this years levels are considerably...
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