Forecast to stay around US$35 per barrel
Posted: 05 January 2005
International oil prices are likely to hover between US$33 and $35 per barrel this year, the Korea Petroleum Association said in its report released on Sunday 2 nd January.
Oil prices are likely to soar to up to an average $45 a barrel if demand grows explosively as in 2004 and massive terrorism prevents output, however, the report said.
Posted by Editor Pipeline Magazine
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