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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: sportsman who wrote (5996)	1/8/2002 8:46:36 PM
From: Tomas	Read Replies (1) \| Respond to of 206329

EIA sees WTI oil price rising to 25.00-26.00 USD by year-end AFX Europe, January 8 WASHINGTON (AFX) - The US Energy Information Administration said today that benchmark West Texas Intermediate oil prices are likely to rise to between 25.00 and 26.00 usd a barrel by the end of 2002. In its latest short-term energy outlook, the EIA said that WTI oil prices are then likely to remain around the 25.00-26.00 usd a barrel level through 2003. WTI prices stood around 19.40 usd in December. Global oil demand growth for 2002 "suggests world oil demand growth of 800,000 barrels per day, roughly the same as in the previous outlook," the EIA said. The agency noted that with the expected recovery of the global economy by the end of 2002, "oil demand could increase by as much as 1.3 mln bpd in 2003 over 2002's level, with about half of this coming from the United States." The US is the world's largest oil importer. The EIA added that the forecasted rise in the WTI oil price is likely to be supported by OPEC's decision to go forward with an additional quota cut of 1.5 mln bpd, which went into effect Jan 1. The EIA is an independent agency of the Department of Energy. jjc/kl NNN