OGJ NEWSLETTER

The recent unexpected strength in oil prices notwithstanding, analysts have returned to the game of guessing when and how far oil prices will fall in the near term. Oil prices are primed for a big fall, perhaps $4-6/bbl in second quarter 1992, warns East-West Center's Fereidun Fesharaki. After firming to $26 by January because of declining Soviet exports and continuing strong Asia-Pacific demand, WTI will plunge in the seasonally weak quarter with sooner than expected Kuwaiti supplies on

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