Middle East Economic Survey
VOL. XLVIII
No 51
19-December-2005
SUPPLY/DEMAND
PFC Energy Predicts End To Oil Markets Bull Run
PFC Energy predicts that the crude oil markets bull run is nearing an end, and envisages the price for WTI crude easing from an average $60.25/B in 4Q05 to $59.00/B in 1Q06, while the annual WTI prices for 2005 and 2006 are both expected to average $56.50/B. In the Outlook For Fundamentals, Politics & Prices, published on 12 December, the analyst observes: The reaction to...
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