Oil Prices
The Graph of the Week is the forecast for West Texas Intermediate crude oil from the May 2008 NABE Outlook. From the outlook:
A higher path for oil prices accounts for much of the higher path for the CPI; the dollar price for a barrel of oil is expected to be $98 in December 2008 and $92 in December 2009. These are well below current market quotes, but much higher than the figures of $84 and $80 seen for these months in the February survey.
NABE members can read the full report here. A summary is available to the public.