News May 21, the United States, a senior JP Morgan analysts today in a monthly energy report, said that due to the global economy is expected to be resumed later this year, so, JP Morgan this year before its U.S. crude oil price forecasts from the previous forecast of 49.38 U.S. dollars a barrel to 55.63 U.S. dollars a barrel.
JP Morgan in the United States monthly energy report also its forecast for oil prices next year, the United States increased 10 U.S. dollars a barrel to 67.50 U.S. dollars a barrel.
Reuters quoted JP Morgan's monthly energy report said: "Although the demand for the latest industry data and a global view of the high inventory levels are inconsistent, but we still think that global economic prospects are improving, the global economy in the second half of this year recovery, the recovery effort is likely to exceed our earlier forecast. "
Source: www.in-en.com May. 22, 2009
