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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: whitepine who wrote (19993)	3/10/2003 9:15:50 AM
From: Tomas	Read Replies (1) of 206175

CSFB Raises Estimates of Oil, Gas Prices By Tim Coulter London, March 10 (Bloomberg) -- Credit Suisse First Boston raised its forecasts for crude oil and natural gas prices, citing the threat of war in the Middle East and declining inventories because of a strike in Venezuela. The bank expects West Texas Intermediate crude oil prices to average $28.50 a barrel this year, up from its previous forecast of $23. Brent crude should average $26 a barrel, rather than the $22 originally expected, CSFB said in an e-mailed report. CSFB also raised its forecast for U.S. natural gas prices, to $5 for each 1 million British thermal units, rather than the earlier forecast of $4, the report said. Brent crude oil today climbed to a 30-month high on traders' rising expectations of a war in Iraq that could disrupt supplies from the Persian Gulf, the world's biggest oil-producing region. ___________________________________________________________ whitepine: interesting question about ME nations with major ownership of OG firms. I'll try to find some info on this subject.

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