Manufacturing Industry
Salomon Smith Barney has raised its full-year benchmark Brent crude oil estimate to $18.50 from $17.75/barrel.(Brief Article)(Statistical Data Included)
Purchasing, October, 1999
Salomon Smith Barney has raised its full-year benchmark Brent crude oil estimate to $18.50 from $17.75/barrel. Reason: Analysts at the investment banking firm now expect oil prices to average $22 a barrel through the end of the year. For 2000, Salomon Smith Barney sees oil averaging $19/bbl, up from a previous estimate of $18/bbl.
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