Macquarie Says Crude Oil May Fall

November 20, 2009

Macquarie Says Crude Oil May Fall to About $60 Next Quarter

Crude oil prices may fall to about $60 a barrel in this and next quarter on weak demand from developed countries and growing inventories, Macquarie’s oil economist Jan Stuart said today.

 Prices will rise to an average of $80 a barrel in the latter part of next year because of the strengthening world economy, Stuart said at a conference in Hong Kong. 

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