Oil price expected at $85 in 2010: Merrill Lynch
Average world crude price will be $85 a barrel in 2010, top
investment bank Merrill Lynch estimates.
The price had been initially forecast at $75, but the projection was later adjusted, the bank’s experts indicated.
Merrill Lynch also altered its projections on the state of the world economy, which has been hit by a crisis. The analysts expect the global economy to grow 4.3% next year. Economic growth in the United States and Eurozone countries is predicted at the level of 3%.*
The price had been initially forecast at $75, but the projection was later adjusted, the bank’s experts indicated.
Merrill Lynch also altered its projections on the state of the world economy, which has been hit by a crisis. The analysts expect the global economy to grow 4.3% next year. Economic growth in the United States and Eurozone countries is predicted at the level of 3%.*
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