US Forecasts 7% Drop in WTI Oil Prices in 2009

Oil&Gas Materials 10 April 2008 10:27

Azerbaijan, Baku, 9 April / corr Trend A.Badalova / Forecasts by the US Energy Information Agency (EIA) reported that the average price of the Americanoil brand WTI will comprise $100.79 in the second half of 2008.

EIA forecasts a cut in average oil prices in 2009 by $8.11 per barrel to $92.5 per barrel compared to $100.61 per barrel in 2008.

In 2008 the maximum price of American oil brand of WTI will comprise $105.46 per barrel and minimal $92.97 per barrel.

EIA forecasts the maximum prices of WTI EIA in January 2009 at $96 per barrel and a minimum in December at $89 per barrel.