Oil Prices May Drop Below $60 Per Barrel – Iea
March 16, 2006
MOSCOW. March 16 (Interfax) – World oil prices may drop below $60 per barrel in the near future, International Energy Agency Deputy Executive Director William Ramsay told Interfax.
Current market trends make a drop in oil prices inevitable, he said.
The price for April futures for WTI crude during electronic trading on the New York Mercantile Exchange was $62.00 per barrel as of 8:29 a.m. Moscow time March 16.