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Oil price to stand at 76 USD per barrel this week
By k on November 23, 2009
BANGKOK, 23 November 2009 (NNT) – The price of oil is unlikely to exceed 76 USD per barrel due to uncertainty about the global economic recovery, according to energy expert, Manoon Siriwan.
Mr Manoon Siriwan stated that oil prices would likely stand at 76 USD per barrel this week after oil prices weakened from 79 USD per barrel last week, due to an unpredictable global economic situation which has reduced investors’ confidence.
Mr Manoon added that the high unemployment rate in the United States is also another factor which has resulted in a lack of investor confidence in the global economic recovery.
Related posts:
- Global crude oil price expected to fall to US$54-65/barrel this week BANGKOK, 16 August 2009 (NNT) – Energy expert Manoon...
- Govt to reduce oil excise taxes if global price hits US$ 70-80/barrel BANGKOK, 31 July 2009 (NNT) – Oil excise taxes...
- Energy expert says cuts to Oil Fund too soon BANGKOK, 8 August 2009 (NNT) - An energy expert has...
- PTT, Bangchak to reduce oil prices by 40 Satang on Wed BANGKOK, 26 January 2010 (NNT) – Domestic oil retailers will...
- oil increase 50 satang/liter BANGKOK, 27 July 2009 (NNT) – Domestic oil retailers will...
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