Korea Lifts Forecast for Average Crude Oil Price in 2011 from U.S.$85 per Barrel to U.S.$95

摘要

The South Korean government said that a panel of local experts from private sector and public sector has decided to raise its forecast for the average international market price of crude oils in 2011 from its earlier estimate of U.S.$85 per barrel to U.S.$95, as crude the oil prices are continuing high flying over U.S.$100 per barrel mainly due to unrest in some oil-producing countries in the Middle East.