EIA projects $95 WTI 2nd half of yearAgency says dropping crude prices from May to early June reflect concerns about world economic conditions and oil demand growth Kristen Nelson Petroleum News
West Texas Intermediate crude oil spot prices fell from $106 per barrel May 1 to $83 per barrel June 1, “reflecting market concerns about world economic and oil demand growth,” the Department of Energy’s Energy Information Administration said June 12 in its latest Short-Term Energy Outlook.
EIA sai....
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