EIA lowers WTI projection to $59.50
In January agency said 2007 price expected to average $64.42, down from $66 per barrel in ’06; Henry Hub up slightly at $7.10
The Energy Information Administration has lowered its 2007 price projection for West Texas Intermediate to $59.50 per barrel. In January the EIA, part of the U.S. Department of Energy, was projecting $64.42 a barrel for WTI in 2007. WTI averaged $66 a barrel in 2006.
The agency attributed the recen....
[additional news subjects in this story]
U.S. demand down in ‘06
Natural gas consumption expected to grow
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