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Boom time for oil!


Oil price will average less in 2015 than during financial crisis, survey finds!

Crude oil will likely continue falling before posting only a mild recovery in the second half of this year, a Reuters survey of analysts showed on Friday, with prices set to average even less in 2015 than during the global financial crisis.


The survey of 33 economists and analysts forecast North Sea Brent crude would average $58.30 a barrel in 2015, down $15.70 from last month's poll, in the biggest month-on-month forecast revision since prices last collapsed in 2008-2009.