EIA projects WTI at $64 per barrel in 2006
Oil demand growth expected to be steady, only modest increase in spare oil production capacity, continued risks of instability
The U.S. Department of Energy’s Energy Information Administration expects crude oil prices to remain high, an average of $64 a barrel for West Texas Intermediate, through the end of the year, and then decline to an average of $61 per barrel next year.
The agency said in its March 7 short-term energ....
[additional news subjects in this story]
Global oil markets
Domestic production expected to increase
Level gas demand expected this year
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