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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Bid Buster who wrote (241129)5/17/2003 11:38:44 PM
From: MulhollandDrive  Read Replies (1) of 436258
 
eia.doe.gov

EIA’s baseline outlook assumes that OPEC production will be sufficient to allow commercial oil inventories to build from their current very low levels (Figure 3), but that OPEC will cut back production to accommodate the return of Iraqi oil exports. Until these inventories are rebuilt above observed 5-year lows, WTI oil futures prices should remain around current levels and then gradually slide toward about $24 per barrel by the end of 2004 as Iraqi oil exports return.
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