(EnergyAsia, May 26) — Crude oil prices will average a record US$78 a barrel in the fourth quarter, while gasoline prices could hit US$3.50 per gallon in the US and C$1.30 per litre in Canada this summer, said a CIBC World Markets report issued this week. The report, “Drilling in Troubled Waters”, said the US…
MARKETS: Canada’s CIBC predicts record oil prices on ‘severe’ hurricane season this summer
Posted on May 26, 2006 by EnergyAsia