Oil Will Remain Over $100 Per Barrel Until 2009

WASHINGTON [MENL] -- The price of crude oil was likely to remain above $100
until 2009.
The Abraham Energy Report asserted that oil prices would fluctuate
between $95 and $115 per barrel during the fourth quarter of 2008. The
report, sponsored by former Energy Secretary Spencer Abraham, said the crude
oil market could not sustain prices that reached nearly $150 per barrel
during the summer.