Bloomberg Survey: Crude Oil Back to $60 in 2009
By Kristina Zurla Landgraf • Dec 30th, 2008 • Category: Broker Commentary, Market UpdatesA recent survey of 33 analysts conducted by Bloomberg revealed that crude oil is seen averaging $60 a barrel in 2009, up from just under $40 currently. OPEC’s pledge of a 14 percent supply cut is seen crimping inventories, and the U.S. economy is also seen improving by year-end. Crude oil futures averaged $100 in [...]
