Oil price set to stay above $50 a barrel

OIL reserves are running down. Forecasters suggest the average oil price will stay above $50 a barrel over the next two years.

Oil price set to stay above $50 a barrel
Thu, 09 Jun, 2005 - 01:00

That stance on where oil is headed implies they will fall after that. Some experts disagree strongly.

In a recent survey, Goldman Sachs suggested buying oil forward at $56pb looked like a good investment.

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