EIA forecasts $53 per barrel WTI in ‘09
Henry Hub spot price expected to average $4.24 per mcf this year, down from $9.13 in last year; rise to $5.80 in 2010 forecast
The U.S. Department of Energy’s Energy Information Administration is forecasting an average $53 per barrel price for West Texas Intermediate crude oil this year.
That compares, EIA said in its April 14 short-term forecast, to $100 per barrel in 2008 and a forecast of $63 a barrel for 2010.
[additional news subjects in this story]
March crude prices up
Natural gas rigs down by half
LNG expected to rise
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