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Oil prices to fall to $93, Lehman predicts
- Middle East: Tuesday, July 15 - 2008 at 07:21
Crude oil prices will fall to $93 a barrel next year, as Opec oil producers raise their supply and the slowing global economy squeezes demand, investment bank Lehman Bros has predicted. The bank expects mounting signs of slowing demand, and an expected increase in supply to move oil prices lower to $130 in the third quarter of 2008, before dropping down to $93 a barrel, reported the UK's Telegraph.
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Jeff Florian, Senior ReporterTuesday, July 15 - 2008 at 07:21 UAE local time (GMT+4)
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