energy information administration short term outlook november 2006 1 7 release next update december 12 overview the recent announcement of plans for a 2 million barrels per day bbl d cut in oil production by organization petroleum exporting countries opec has not yet made much an impact on world prices as market awaits evidence substantial compliance spot west texas intermediate wti crude are lowest since february 2005 demand should grow winter heating season ramps up with some reduction price is projected to rise over several months average around 66 barrel and 65 2007 daily natural gas which fell throughout september because moderate temperatures high inventories underground storage have risen sharply weeks this movement was unexpected once began henry hub 06 mcf
