Macquarie slashes 2009 Brent Crude Oil Forecast

19.01.2009
    Macquarie Group has cut its forecast for Brent crude oil prices by over 20 percent to an average $59 a barrel over 2009, it said on Monday, citing weaker world oil consumption and high stock levels.     The Australian bank's economists see world gross domestic product (GDP) growth slowing by more than...