The current U.S. and global economic downturn has led to a decrease in global
energy demand and a rapid and substantial reduction in crude oil and other
energy prices. As a result, projections for both energy demand and prices are
considerably lower than last month’s Outlook.
WTI (West Texas Intermediate) prices are expected to average $63.50 per barrel in 2009 (Crude Oil Prices)
Download Full Report (PDF, November 12, 2008 Release
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