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U.S bank announces forecasts for oil prices over 2009-2010

Oil&Gas Materials 29 March 2009 17:37 (UTC +04:00)

Azerbaijan, Baku, March 29 / Trend A. Badalova /

One of the biggest world U.S JPMorgan bank forecasts average price for gas in the amount of $239.34 per 1,000 cubic meters in 2010.

Maximal price for "blue fuel" will total $261.72 per 1,000 cubic meters in the fourth quarter of 2010, minimal one - $225.62 in the second quarter.  

According to forecasts of the bank's analysts, average price for gas will total $186.27 per 1,000 cubic meters in 2009. The price for gas will total $216.6 per 1,000 cubic meters in the last quarter of 2009.  

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