Administration (EIA) has raised its forecast of West Texas Intermediate (WTI) crude oil price to $101 per barrel in 2008 and $92.50 per barrel next year. WTI crude averaged $72.32 per barrel last year. The agency also raised its forecast for motor gasoline price to $3.36 per gallon, up 55 cents from last year. Diesel…
MARKETS: US EIA predicts WTI crude to average $101 in 2008, $92.50 next year
Posted on April 20, 2008 by EnergyAsia