Kristy
11-26-2008, 09:52 PM
Merrill Lynch has cut its 2009 oil price forecast to $50 a barrel from $90 due to falling demand, reported Bloomberg. The US bank also lowered its 2010 forecast to $70 a barrel from $100 based on concerns that OPEC will be powerless to support the market as fuel demand dips.
More... (http://www.ameinfo.com/177092.html)
More... (http://www.ameinfo.com/177092.html)