Source: Financial Times, 25th March 2011
Oil prices in 2020? The futures market is pricing the cost of a barrel of West Texas Intermediate for delivery in December 2019 - the farthest forward futures on the Nymex exchange in New York - at $104 a barrel. But Paul Horsnell, the veteran oil watcher at Barclays Capital, believes it will hit an astonishingly high $185.





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