3 Apr 2012 13:58

Russian Econ Ministry raises 2012 oil forecast to $115/barrel

MOSCOW. April 3 (Interfax) - The Russian Economic Development Ministry has raised its forecast oil price in 2012 to $115 from $100 a barrel, Economic Development Minister Elvira Nabiullina said at an international conference on the development of economy and society, organized by the Higher School of Economics.

The oil price forecast for 2013 and 2014 has not altered, Nabiullina said.