Funds News | Reuters.co.uk:
by Lincoln Feast -- 1/9/2005
"So far, oil prices show no immediate signs of cooling, with crude now back above $63 a barrel, having rallied $5 since Christmas.
That puts it comfortably above the $57.34 it is forecast to average in 2006 according to a Reuters poll -- encouraging news for advocates of the sector.
'We believe that the conditions are in place for energy prices to remain higher for longer than the market currently anticipates,' said UBS analyst Jon Rigby."
Monday, January 09, 2006
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