OGJ NEWSLETTER

Will rising products demand lead OPEC out of the oil price wilderness? The view from analysts in the wake of OPEC's quota rollover (OGJ, Apr. 4, p. 36) seems to be one of modest improvement for the year. Salomon Bros. sees WTI trading at about $14.50 15.50/bbl in the second quarter, with prices firming as the supply/demand balance tightens in the second half. The upshot: WTI averaging $15.75 for the year.

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