january 2000 highlights international oil markets prices we have found little need to adjust our price forecast from last month s report since no evidence of significantly more bullish or bearish sentiment on the world market has arisen estimate december outlook for november imported cost still looks good at 23 50 and current 24 75 is only slightly above expected level thus annual average remain in view a pace show 5 per barrel increases both 1999 figure 1 this pattern masks salient aspect which calls steadily but gradually declining through into 2001 when looking ahead by where are today 2 general seems be widely accepted with most disagreements having do speed likely extent decline contrast some other projections that been circulating maintain relatively strong base case imply about
