World Bank forecasts 2010 oil price of $75.29/bbl

The World Bank forecast an average oil price of $75.29 per barrel in 2010 in a presentation released on Tuesday, saying it did not expect a return next year to price levels seen before the economic crisis. The bank did not specify the type of oil to which it was referring in the presentation on the Russian economy. US crude prices fell on Tuesday to $79 a barrel as a late-season hurricane subsided in the Gulf of Mexico and traders awaited key US inventory data.

Copyright Reuters, 2009