Old Project Avalon Forum (ARCHIVE) - View Single Post - Analyst sees oil dropping to $50 on global economic slowdown

Wandering Daoist · 10-07-2008, 09:58 PM

From Novosti

http://en.rian.ru/russia/20081007/117512978.html

MOSCOW, October 7 (RIA Novosti) - World oil prices could plunge to $50 per barrel amid the ongoing global financial crisis but are likely to stabilize at $80-90 per barrel, a senior Russian government official said on Tuesday.

"The options of oil prices falling to $50 per barrel are being discussed. However, we [the Economic Development Ministry] consider real prices to be $80-90 per barrel," Andrei Klepach, deputy economic development minister said.

10-07-2008, 09:58 PM	#2
Wandering Daoist Avalon Senior Member Join Date: Sep 2008 Location: USA Posts: 20	Re: Analyst sees oil dropping to $50 on global economic slowdown From Novosti http://en.rian.ru/russia/20081007/117512978.html MOSCOW, October 7 (RIA Novosti) - World oil prices could plunge to $50 per barrel amid the ongoing global financial crisis but are likely to stabilize at $80-90 per barrel, a senior Russian government official said on Tuesday. "The options of oil prices falling to $50 per barrel are being discussed. However, we [the Economic Development Ministry] consider real prices to be $80-90 per barrel," Andrei Klepach, deputy economic development minister said.