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Bloomberg reported that the United States Energy Information Administration lowered its crude oil price projections for this year. West Texas Intermediate will average $91.92/barrel, which is 1% lower than its February estimate.
Bloomberg reported that the United States Energy Information Administration lowered its crude oil price projections for this year. West Texas Intermediate will average $91.92/barrel, which is 1% lower than its February estimate.
As quoted in the market news:
The U.S. benchmark grade will average $92.17 in 2014, unchanged from the previous month’s estimate.