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Experts predict oil price drop
- Saudi Arabia: Saturday, August 19 - 2006 at 12:56
Oil experts feel that the current high level of oil prices is unsustainable and will soon start to come down but any price correction will be relatively gentle and no dramatic crash is expected. A poll carried out by Reuters found that analysts feel oil will fall to around $64 a barrel next year and then drop to $56 in 2008.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, August 19 - 2006 at 12:56 UAE local time (GMT+4)
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