China Financial Daily

Oil prices during the year to 85 U.S. dollars or oscillation
  Rebound in international oil prices the industry has reached bottom, August 9 at the Asian Energy Forum, the views of domestic and foreign experts to support this trend once again at the same time, given the short to medium term price forecasts. Oscillation is expected this year, higher international oil prices to 85 dollars, before 2014, the annual average price will not return to the peak in 2008.

Relatively stable during the year oscillation is inevitable

In recent days, international oil prices around 70 U.S. dollars in the oscillation, for the second half of this year oil prices, Platts energy information in China Da-wei, director of China said that low oil prices have been over the past year would be more stability in international oil prices, next year will be gradually recovering. The next 5 years, the international oil price will be shown in the warmer, but on the whole not more than 80 U.S. dollars in this mid-priced.

Sinochem International [13.79 0.88%] of oil, general manager of Guangdong, the Guangdong Provincial Association for the oil industryĪ˼macro view, the impact of financial crisis, the Western economic recovery, the need for a certain period of time, so this year, oil prices impossible to go too high. At this stage, the price of oil has not only by production costs, market supply and demand decisions. In the context of the financial crisis, oil unabated financial attributes, so the oscillations in oil prices is inevitable.

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