VOL. XLI
No. 40
5-October-1998
OPEC
IMF Lowers Oil Price Projections For 1998 And 1999
The International Monetary Fund (IMF) has lowered its oil priceprojections to $13.28/B for 1998 and to $14.51/B for 1999, compared to a price of $19.27/Bfor 1997, using a simple average of spot prices of UK Brent, Dubai and West TexasIntermediate crude oil. In its publication World Economic Outlook, October 1998,the IMF cited deteriorating economic conditions in Asia as a key factor behind the furtherfalls in...
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