Expect Oil Demand, and Price, to Go Up

Summary


The price of oil is hovering around $90 a barrel and it's going to go even higher, economist David Wyss predicted.

Wyss, chief economist at Standard & Poor's, gave his forecast for the United States economy at an economic outlook conference in Charleston on Thursday. West Virginia University's Bureau of Business and Economic Research sponsored the conference.

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Expect Oil Demand, and Price, to Go Up

"The demand for oil will increase greatly over the next 10 years," Wyss said. "In the long run, energy prices are going up. There's ...

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