Crude Oil Forecast, Year End 2007 - from the February 2007 NABE Outlook
The Graph of the Week shows the forecast price for a barrel of crude oil at the end of 2007. From the survey:
The outlook for oil prices has moderated, but has also become less certain over the past six months. According to the NABE forecasters, the midyear and year-end 2007 median price for a barrel of West Texas Intermediate crude oil is now anticipated to be $58, down from the $60-plus range of the fourth quarter of last year. For natural gas, the median price is expected to be at $6.75 per million BTU in June, rising to $7.25 by December.
The NABE Outlook is for members only. There is a summary available for the public.
