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Oil prices may go up US$30 in winter
20.08.2007 15:09
Oil prices may go up US$30 in winter

The upcoming winter may see new prices on oil up to US$90-95, which exceeds the present level by 30%, the experts from Goldman Sachs said. They are sure the prices will inevitably increase, if the winter is frosty and normal. The main oil producers play a great role on the market and the volume of extracted oil connected with price reduction is within their scope and authority. The representatives of the bank believe the price will not fall lower than the todays level is, as the costs of oil fields development grow too fast.


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