Oil Prices May Drop Below $60 Per Barrel - Iea
Posted on: Thursday, 16 March 2006, 21:00 CST
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.
Source: Daily News Bulletin; Moscow - English
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