Benchmark U.S. crude oil will on average cost $79.83 a barrel in 2010, up from the previous outlook for $78.67 a barrel, the agency said. Prices are seen increasing from an average $77 a barrel in the first quarter of 2010 to $85 a barrel by the fourth quarter of 2011. In 2011, prices will average $83.50 a barrel, the agency said.
2011 Price of Crude Oil Forecast and Prediction
Predicting or forecasting the price of crude oil in 2011 is more difficult than merely looking at an oil price chart. Huge economic forces need to be balanced out in order to even guess at future values. Here are what some analysts think.Read More...
Canadian Dollar Touches Highest Level
Canada’s currency touched its strongest level in almost three years against its U.S. counterpart as crude oil, the nation’s biggest export, headed for its biggest weekly gain since 2009. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today
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