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Russian govt. raises forecast of oil prices for 2007-09

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Russia's government has decided to raise its forecast of oil prices for 2007-2009, the government's press service said Thursday.
MOSCOW, December 28 (RIA Novosti) - Russia's government has decided to raise its forecast of oil prices for 2007-2009, the government's press service said Thursday.

Under the Russian financial plan for 2007-2009, which was approved at Thursday's session of the governmental budget planning commission, the forecast of oil prices for 2007 will remain at $61 per barrel, and was increased to $56 per barrel for 2008 (as compared to the previous forecast of $54), and $52 for 2009 (as compared to $48).

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