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...