Oil price outlook 2010

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In a survey of eleven analysts conducted by Energy Risk in November, the average 2010 oil price forecast is $78.35 a barrel for WTI and $75.90 for Brent, 25% higher than the average 2009 price. At the time of going to press, the light, sweet crude contract traded on the New York Mercantile Exchange (commonly known as WTI) was trading at around $78/bbl. Prices were higher further out along the curve, with Brent at almost $100/bbl for the December 2017 futures contract on the IntercontinentalEx

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