Browse related articlesOpec's cuts may boost prices
Middle East: Wednesday, December 31 - 2008 at 09:16
Analysts surveyed by Bloomberg say oil futures may rebound from their worst year to average $60 a barrel next year as Opec makes record production cuts to counter the deepest economic slump since World War II. The forecast, the median of 33 analysts, represents a 50% gain from Monday's $40.02 closing price.
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Jeff Florian, Senior ReporterWednesday, December 31 - 2008 at 09:16 UAE local time (GMT+4)
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