august 6 1999 highlights world oil markets prices for the remainder of and all 2000 are now forecasted to be 2 3 per barrel higher than they were in last month s forecast figure 1 this reflects a change our assumptions concerning opec crude production previously we had expected compliance with agreed cuts peak may or june before falling as triggered more although still expect occur have delayed timing forecasting that will relatively strong throughout summer declining much gradually earlier increased not only keep from near term but should also reduce inventories thus putting pressure on remain at current levels even increase next year stay around 18 50 average price paid imported by us refiners which would translate into wti about 20 21 00 then most monthly
