EIA expects WTI to average $100 in ’12Agency says market believes 1-in-15 chance June price of WTI will jump to $125; 1-in-50 chance it would exceed $140 a barrel Kristen Nelson Petroleum News
The U.S. Energy Information Administration said Feb. 7 that it expects the price of West Texas Intermediate crude oil to average $100 per barrel this year, almost $6 a barrel higher than in 2011.
But the agency also said that based on recent futures and options data, the market is looking at a 1 in....
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