Longer term, the Economist Intelligence Unit, a provider of country, industry and management analysis, sees prices for West Texas intermediate crude averaging around $66 a barrel for 2007.
"Geopolitical tensions (never too far away) will ensure that prices remain elevated," the report from EIU states. Additionally, the report says a rebounding U.S. economy should help demand. Turning to the energy complex, giants Exxon Mobil(XOM Quote) and Royal Dutch Shell(RDS.A Quote) were losing ground, down 0.6% and 1.2% respectively. Elsewhere, Jefferies cut is stock price target on Dominion Resources(D Quote) to $68 a share from $74 and reiterated its underperform rating. The stock was losing 0.2% lately.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,397.44 | 1,110.04 | 2,196.48 | 33.99 |
Oil *
78.16
|
|
UP
126.97
|
UP
16.56
|
UP
28.60
|
DOWN
0.30
|
10 Yr
3.40%
SPDR Gold
111.05
|
|
+1.24%
|
+1.51%
|
+1.32%
|
-0.87%
|
Data delayed 20 minutes |














