IMF Changes Oil Price Forecast for 2013 Upward By $2.89

Platts reported that the International Monetary Fund (IMF) has revised its price forecast for the year upward by $2.89 to $102.60 a barrel.

As quoted in the market news:

In its latest World Economic Outlook, released Tuesday, the IMF said oil prices remained “an important source of downside risk, in view of elevated geopolitical tensions.

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