Oil price will not make a splash before December quarter, says NAB

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 26 : 8-Apr-15

West Texas Intermediate crude oil rallied on 6 April 2015, to $US52.14 per barrel, and Brent crude oil traded at $US58.12. Meanwhile, National Australia Bank has forecast that the price of Brent oil will average $US54 during the June quarter and $US58 in the September quarter. However, the banking major is more upbeat about the longer-term price, forecasting that it will average $US63 per barrel in the December quarter

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WOODSIDE PETROLEUM LIMITED – ASX WPL, UNITED STATES. DEPT OF ENERGY. ENERGY INFORMATION ADMINISTRATION

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