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Total CEO: $100 - $110 Brent Price Makes Sense For Next Year

Total CEO: $100 - $110 Brent Price Makes Sense For Next Year
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Δευ, 17 Οκτωβρίου 2011 - 19:02
The price of Brent crude is likely to stay between $100 and $110 a barrel next year, said Total SA (TOT) Chief Executive Christophe de Margerie, shrugging off the threat of a global economic slowdown putting downward pressure on one of the world's two main oil contracts.
The price of Brent crude is likely to stay between $100 and $110 a barrel next year, said Total SA (TOT) Chief Executive Christophe de Margerie, shrugging off the threat of a global economic slowdown putting downward pressure on one of the world's two main oil contracts.

De Margerie said "$100 to $110 makes sense" for Brent crude next year. Earlier, U.K. super major BP PLC's (BP.LN), Chief Executive Bob Dudley, said he expected Brent to trade lower at between $90 and $100 a barrel.
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